Scott Co. acquired 70% of Gregg Co. for $525,000 on December 31, 2019 when Greggs book value was $580,000. The Gregg stock was not actively traded. On the date of acquisition, Gregg had equipment (with a ten-year life) that was undervalued in the financial records by $180,000. One year later, the two companies provided the selected amounts shown below. Additionally, no dividends have been paid.

	Scott Co.		Gregg Co.
	Book Value		Book Value		Fair Value
Current assets	$912,000		$430,000		$458,000
Equipment	371,000		290,000		470,000
Buildings	584,000		210,000		210,000
Liabilities	(564,000	)	(238,000	)	(238,000	)
Revenues	(1,320,000	)	(570,000	)
Expenses	780,000		440,000
Investment income	Not Given

What is the noncontrolling interest's share of the subsidiary's net income for the year ended December 31, 2020 and what is the ending balance of the noncontrolling interest in the subsidiary at December 31, 2020?

Select one:

a. $46,400 and $267,600.

b. $48,000 and $265,800.

c. $33,600 and $258,600.

d. $32,900 and $260,800.

e. $48,000 and $267,900.