Plug Products owns 80 percent of the stock of Spark Filter Company, which it acquired at underlying book value on August 30, 20X6. At that date, the fair value of the noncontrolling interest was equal to 20 percent of the book value of Spark Filter. Summarized trial balance data for the two companies as of December 31, 20X8, are as follows: Plug Products Spark Filter Company Debit Credit Debit Credit Cash and Accounts Receivable $ 164,000 $ 91,000 Inventory 227,000 119,000 Buildings & Equipment (net) 270,000 182,000 Investment in Spark Filter Company 281,790 Cost of Goods Sold 168,000 133,000 Depreciation Expense 35,000 25,000 Current Liabilities $ 159,861 $ 27,661 Common Stock 181,000 89,000 Retained Earnings 464,000 205,000 Sales 278,339 228,339 Income from Spark Filter Company 62,590 Total $ 1,145,790 $ 1,145,790 $ 550,000 $ 550,000 On January 1, 20X8, Plug's inventory contained filters purchased for $79,000 from Spark Filter, which had produced the filters for $59,000. In 20X8, Spark Filter spent $119,000 to produce additional filters, which it sold to Plug for $159,339. By December 31, 20X8, Plug had sold all filters that had been on hand January 1, 20X8, but continued to hold in inventory $47,802 of the 20X8 purchase from Spark Filter. Required:

a. Prepare all consolidation entries needed to complete a consolidation worksheet for 20X8. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b. Compute consolidated net income and income assigned to the controlling interest in the 20X8 consolidated income statement.

c. Compute the balance assigned to the noncontrolling interest in the consolidated balance sheet as of December 31, 20X8.