Problem

Purost Co. acquired 80%of Subsidiary Company for $300,000 on January 1, 2012 when Subsidiary's book value was$280,000. The subsidiary stock was not actively traded. On the date of acquisition, Subsidiary had equipment (with a ten year life) that was undervalued in the financial records by $95,000. One year later, the following selected figures were reported by the two companies (stockholders' equity accounts have been omitted). Additionally, no dividends have been paid.

Parent Book Value Subsidiary Book Value

Current asset & investment640,000180,000

Building 150,000120,000

Equipment200,000110,000

Liabilities(120,000)(30,000)

Revenues(900,000)(350,000)

Expenses600,000250,000

Investment incomeNot givin

What is consolidated net income for 2012 attributable to noncontrolling interest?