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Peabody Company owns 9 0 % of the outstanding capital stock of Sloane Company. During 2 0 1 4 and 2 0 1 5 Sloane
Peabody Company owns of the outstanding capital stock of Sloane Company. During and Sloane Company sold
merchandise to Peabody Company at a markup of of selling price. The selling price of the merchandise sold during the two years
was $ and $ respectively. At the end of each year, Peabody Company had in its inventory onefourth of the goods
purchased that year from Sloane Company. Sloane Company reported net income of $ in and $ in
Determine the amount of the noncontrolling interest in consolidated income to be reported for and Round answers to
decimal places, eg
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