please show all work

Peterson Corporation acquired 70 percent of the outstanding voting stock of Summer Company on January 1, 2020, for $395,500 in cash and other consideration. At the acquisition date, Peterson assessed Summer's identifiable assets and liabilities at a collective net fair value of $565,000, and the fair value of the 30 percent noncontrolling interest was $169,500. No excess fair value over book value amortization accompanied the acquisition Summer sells inventory to Peterson at a markup equal to 60 percent of cost. Intra-entity transfers were $54,000 in 2020 and $84,000 in 2021. Of this inventory, $25,000 of the 2020 transfers were retained and then sold by Peterson in 2021, whereas $39,000 of the 2021 transfers were held until 2022 Summer reports net income of $74,000 for year 2021 The amount of net income attributable to noncontrolling interest on 2021 consolidated financial statement would be O $20,625 S19.680 O $22,200 $23,775