Perito Inc. owned 12,000 shares [60%) of the outstanding 5%, $240 par preferred stock and 68% of the outstanding common stock of Moreno Corp. When Moreno reported net income of $952,500, what was the non-controlling interest in the subsidiary's income? [3 points) Looking at the Perito Moreno problem, how many preferred shares would the non- controlling interest have to own if it desired to receive a total of $360,000 from the Moreno's reported net income of $952,500? [6 extra credit points!!!]