Putt Corporation acquired 70 percent of Slice Company’s voting common stock on January 1, 20X3, for $158,900. Slice reported common stock outstanding of $100,000 and retained earnings of $85,000. The fair value of the noncontrolling interest was $68,100 at the date of acquisition. Buildings and equipment held by Slice had a fair value $25,000 higher than book value. The remainder of the differential was assigned to a copyright held by Slice. Buildings and equipment had a 10-year remaining life and the copyright had a 5-year life at the date of acquisition.

Trial balances for Putt and Slice on December 31, 20X5, are as follows:

	Putt Corporation										Slice Company
	Debit					Credit					Debit					Credit
Cash		$	15,850									$	58,000
Accounts Receivable			65,000										70,000
Interest & Other Receivables			30,000										10,000
Inventory			150,000										180,000
Land			80,000										60,000
Buildings & Equipment			315,000										240,000
Bond Discount													15,000
Investment in Slice Company			157,630
Cost of Goods Sold			375,000										110,000
Depreciation Expense			25,000										10,000
Interest Expense			24,000										33,000
Other Expense			28,000										17,000
Dividends Declared			30,000										5,000
Accumulated
Depreciation—Buildings and Equipment							$	120,000									$	60,000
Accounts Payable								61,000										28,000
Other Payables								30,000										20,000
Bonds Payable								250,000										300,000
Common Stock								150,000										100,000
Additional Paid-in Capital								30,000
Retained Earnings								165,240										100,000
Sales								450,000										190,400
Other Income								28,250
Gain on Sale of Equipment																		9,600
Income from Slice Company								10,990
Total		$	1,295,480				$	1,295,480				$	808,000				$	808,000

Putt sold land it had purchased for $21,000 to Slice on September 20, 20X4, for $32,000. Slice plans to use the land for future plant expansion. On January 1, 20X5, Slice sold equipment to Putt for $91,600. Slice purchased the equipment on January 1, 20X3, for $100,000 and depreciated it on a 10-year basis, including an estimated residual value of $10,000. The residual value and estimated economic life of the equipment remained unchanged as a result of the transfer, and both companies use straight-line depreciation. Assume Putt uses the fully adjusted equity method.

Required:
a. Compute the amount of income assigned to the noncontrolling interest in the consolidated income statement for 20X5.