Peel Company owns 90% of the common stock of Seacore Company. Seacore Company sells merchandise to Peel Company at 20% above cost. During 2014 and 2015, such sales amounted to $436,000 and $532,000, respectively. At the end of each year, Peel Company had in its inventory one-fourth of the goods purchased from Seacore Company during that year. Peel Company reported $300,000 in net income from its independent operations in 2014 and 2015. Seacore Company reported net income of $130,000 in each year and did not declare any dividends in any year. There were no intercompany sales prior to 2014. Required: A. Prepare in general journal form all entries necessary on the consolidated financial statements workpaper to eliminate the effects of the intercompany sales for each of the years 2014 and 2015. B. Calculate the amount of noncontrolling interest to be deducted from consolidated income in the consolidated income statement for 2015. C. Calculate controlling interest in consolidated income for 2015.