Pop Corporation purchased 80 percent of the outstanding voting common stock of Son Corporation on January 2, 2016, for $1,200,000 cash. Sons balance sheets on this date and on December 31, 2016, are as follows:

	January 2	December 31
Inventories	200000	80000
Other Current assets	200000	320000
Plant assets-net	800000	880000
Total assets	1200000	1280000
Liabilities	200000	240000
Capitial stock	600000	600000
Retained earnings	400000	440000
Total equity	1200000	1280000

ADDITIONAL INFORMATION
1. Pop uses the equity method of accounting for its investment in Son
2. Sons 2016 net income and dividends were $280,000 and $240,000, respectively.
3. Sons inventory, which was sold in 2016, was undervalued by $50,000 at January 2, 2016

REQUIRED
1. What is Pops income from Son for 2016?
2. What is the noncontrolling interest share for 2016