Pea Company purchased 70 percent of Split Company's stock approximately 20 years ago. On December 31, 20X8, Pea purchased a building from Split for $420,000. Split had purchased the building on January 1, 20X1, at a cost of $520,000 and used straight-line depreciation on an expected life of 20 years. The asset's total estimated economic life is unchanged as a result of the intercompany sale.

A) What amount of income will be assigned to the noncontrolling interest in the consolidated income statement for 20X9 if Split reports net income of $30,000 for 20X9?

B) Split reports assets with a book value of $480,000 and liabilities of $120,000 at January 1, 20X9, and reports net income of $30,000 and dividends of $12,000 for 20X9.

What amount will be assigned to the noncontrolling interest in the consolidated balance sheet at December 31, 20X9, assuming the fair value of the noncontrolling interest at the date of acquisition was equal to 30 percent of Split Company's book value?