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 $451,400 and $482,600, 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 $309,400 in net income from its independent operations in 2014 and 2015. Seacore Company reported net income of $117,600 in each year and did not declare any dividends in any year. There were no intercompany sales prior to 2014. Debit Credit 451400 7 451400 118808 718808 Date Account Titles and Explanation 2014 Sales Purchases (To eliminate intercompany sales) Inventory - Ending (Income Statement) Tinventory (Balance Sheet) (To eliminate unrealized intercompany profit in ending inventory) 2015 Sales Purchases (To eliminate intercompany sales) Retained Earnings Noncontrolling Interest Inventory - Beginning (Income Statement) (To recognize gross profit in beginning inventory realized in 2015) TInventory - Ending (Income Statement) Inventory (Balance Sheet) (To eliminate unrealized intercompany profit in ending inventory) T282600 7 F4282600 1881 18808 20108 20108 Calculate the amount of noncontrolling interest to be deducted from consolidated income in the consolidated income statement for 2015. (Round answer to 0 decimal places, e.g. 5,125.) Noncontrolling interest in consolidated income