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Prize Corporation buys $ 7 0 0 , 0 0 0 in merchandise from Stat Corporation, its 9 0 % owned subsidiary, in 2 0

Prize Corporation buys $700,000 in merchandise from Stat Corporation, its 90% owned subsidiary, in 20X5. There were no intercompany sales in 20X4. Unrealized profit in the December 31,20X5 inventory is $63,000. Stats reported income for 20X5 is $500,000 and Prizes separate income (which does not include investment income) is $940,000.What was Prizes controlling share of net income for 20X5?What was noncontrolling interest share of net income for 20X5?

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