Pizza Corporation acquired 75 percent of Slice Corporations voting common stock on January 1, 20X4, for $345,000, when the fair value of its net identifiable assets was $466,000 and the fair value of the noncontrolling interest was $121,000. Slice reported common stock outstanding of $100,000 and retained earnings of $230,000. The excess of fair value over book value of Slices net assets was attributed to amortizable assets with a remaining life of 10 years. On December 31, 20X4, Slice sold a building to Pizza and recorded a gain of $20,000. Income assigned to the noncontrolling shareholders in the 20X4 consolidated income statement was $17,200.

Required:

1. Compute the amount of net income Slice reported for 20X4
2. Compute the amount reported as consolidated net income if Pizza reported operating income of $233,000 for 20X4
3. Compute the amount of income assigned to the controlling interest in the 20X4 consolidated income statement