Please review and answer the following question. Thank you in advance for your assistance!

Chapter 7 0 2 2.85 points References Saved On January 1, 2019, Uncle Company purchased 80 percent of Nephew Company's capital stock for $584,000 in cash and other assets. Nephew had a book value of $700,000, and the 20 percent noncontrolling interest fair value was $146,000 on that date. On January 1, 2021, Nephew had acquired 30 percent of Uncle for $354,250. Uncle's appropriately adjusted book value as of that date was $1,147,500. Separate operating income gures (not including investment income) for these two companies follow. In addition, Uncle declares and pays $25,000 in dividends to shareholders each year and Nephew distributes $6,000 annually. Any excess fair-value allocations are amortized over a 10-year period. Uncle Nephew Yea r Company Company 2619 $ 164, 600 $35 , 206 2020 136, 300 56, me 2021 216, 000 64, 400 ' a. Assume that Uncle applies the equity method to account for this investment in Nephew. What is the subsidiary's income recognized by Uncle in 2021? b. What is the net income attributable to the noncontrolling interest for 2021? Subsidiary income recognized Noncontrolling interests share of income