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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

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Peabody Company owns 90% of the outstanding capital stock of Sloane Company. During 2014 and 2015 Sloane Company sold
merchandise to Peabody Company at a markup of 25% of selling price. The selling price of the merchandise sold during the two years
was $40,000 and $27,200, respectively. At the end of each year, Peabody Company had in its inventory one-fourth of the goods
purchased that year from Sloane Company. Sloane Company reported net income of $28,500 in 2014 and $35,080 in 2015.
Determine the amount of the noncontrolling interest in consolidated income to be reported for 2014 and 2015.(Round answers to 0
decimal places, e.g.5,125.)
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