Pepe, Incorporated acquired 60% of Devin Company on January 1, 2010. On that date Devin sold equipment to Pepe for $45,000. The equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years. Devin reported net income of $300,000 and $325,000 for 2010 and 2011, respectively. Pepe uses the equity method to account for its investment in Devin.

question one:

Compute the noncontrolling interest in the net income of Devin for 2011.

Select one:

a. $129,600.

b. $130,000.

c. $122,000.

d. $126,800.

e. $130,000.

question 2:

Compute the noncontrolling interest in the net income of Devin for 2010.

Select one:

a. $116,400.

b. $120,400.

c. $123,200.

d. $112,000.

e. $120,000

i need help with these two questions, but i need to see how it is workout in order to get these anwsers. so please show the steps.