Problem 6-14 (Algo) (LO 6-3) Redfield Company reports current earnings of $434,000 while declaring $26,000 in cash dividends. Snedeker Company earns $116,000 in net income and declares $6,500 in dividends. Redfield has held a 70 percent interest in Snedeker for several years, an investment with an acquisition-date excess fair over book value attributable solely to goodwill. Redfield uses the initial value method to account for these shares. On January 1 of the current year, Snedeker acquired in the open market $39,000 of Redfield's 8 percent bonds. The bonds had originally been issued several years ago at 92, reflecting a 10 percent effective interest rate. On the date of purchase, the carrying amount of the bonds payable was $38,000. Snedeker paid $37,000 based on a 12 percent effective interest rate over the remaining life of the bonds. What is the noncontrolling interest's share of consolidated net income