Q3(15%) On January 1,2018, Norya Company acquired 60 percent of the outstanding voting stock of Rose Company for $300,000 consideration.At the acquisition date, the fair value of the 40 percent noncontrolling Interest was $200 000 and Rose's assets and liabilities had a collective net fair value of $500, 000. Norya uses the equity method in its internal records to account for its investment in Rose. Rose reports net income of $160 000 in 2019. Since being acquired, Rose has regularly supplied inventory to Norya at 25 percent more than cost. Sales to Norya amounted to $250 000 in 2018 and $300 000 in 2019. Approximately 30 percent of the inventory purchased during any one year is not used until the next year. What is the noncontrolling interest's share of Rose's 2019 income? (2) Prepare Norya's 2019 consollidation entries required by the intra-entity inventory transfers. Required: (1)