Petime Corporation acquired 90 percent ownership of United Grain Company on January 1, 20X4, for $107,000 when the fair value of Uniteds net assets was $20,000 higher than its $110,000 book value. The increase in value was attributed to amortizable assets with a remaining life of 10 years. At that date, the fair value of the noncontrolling interest was equal to $23,000.

During 20X4, United sold land to Petime at a $7,500 profit. United Grain reported net income of $22,000 and paid dividends of $4,700 in 20X4. Petime reported income, exclusive of its income from United Grain, of $37,000 and paid dividends of $14,400 in 20X4.

Required:
a.	Compute the amount of income assigned to the controlling interest in the consolidated income statement for 20X4.

b.	By what amount will the 20X4 income assigned to the controlling interest increase or decrease if the sale of land had been from Petime to United Grain, the gain on the sale of land had been included in Petimes $37,000 income, and the $22,000 was income from operations of United Grain?