Power Inc. acquired 70\% of Sky Co. on January 1, 2021. The total annual excess amortization resulting from the acquisition was $25,000 per year. Power sold inventory to Sky in both years 2021 and 2022. Specifically, in 2021, Power sold goods with a cost of $500,000 for $700,000 to Sky, and Sky still owned 16% of these goods at the end of 2021. In 2022, Power sold goods with a cost of $690,000 for $830,000 to Sky, and Sky still owned 10% of these goods at the end of 2022 . For 2022, the companies reported the following account balances: Requirements: (a) Compute the consolidated sales for 2022. Answer: (b) Compute the consolidated cost of goods sold for 2022. Answer: (6) Compute the noncontrolling interest's share in Sky's income for 2022. Answer: (4) Assume that the intra-entity sales were upstream (i.e. assume that it was Sky who sold inventory to Power). compute the noncontrolling interest's share in Sky's income for 2022