Pew Corporation acquired 80% ownership of Sordid Incorporated, at a time when Pew's investment cost was equal to 80% of Sordid's book value. At the time of acquisition, the book values and fair values of Sordid's assets and liabilities were equal. Pew uses the equity method. During 2014, Pew sold goods to Sordid for $160,000 making a gross profit percentage of 20%. Half of these goods remained unsold in Sordid's inventory at the end of the year. Income statement information for Pew and Sordid for 2014 were as follows:

Sales Revenue Pew $800,000 Sordid $300,000

Cost of Goods Sold $500,000 $160,0000

Operating Expenses $200,000 $80,0000

Separate Incomes $100,000 $60,000

The 2014 consolidated income statement showed noncontrolling interest share of