1. Royce Co. acquired 60% of Park Co. for $420,000 on December 31, 2020 when Park's book value was $560,000. On the date of acquisition, Park had equipment (with a five-year life) that was undervalued in the financial records by $140,000. One year later, the following selected figures were reported by the two companies. Additionally, no dividends have been paid.

	Royce Co. Book value	Park Co. Book value	Park Co. Fair Value
Current assets	$868,000	$420,000	$448,000
Equipment	364,000	280,000	400,000
Buildings	574,000	210,000	210,000
Liabilities	(546,000)	(168,000)	(168,000)
Revenues	(1,260,000)	(560,000)
Expenses	700,000	450,000
Investment income	Not Given

a.) What is the non-controlling interest's share of the subsidiary's net income for the year ended December 31, 2021?

b.) What is the ending balance of the non-controlling interest in the subsidiary at December 31, 2021?

c.) What is the consolidated balance of the Equipment account at December 31, 2021?