Shell Company, an 85% owned subsidiary of Plaster Company, sells merchandise to Plaster Company at a markup of 20% of selling price. During 2011 and 2012, intercompany amounted to $442, 500 and $386, 250, respectively. At the end of 2011, Plaster had one half of the goods that it purchased that year from Shell in its ending inventory. Plaster's 2012 inventory contained one-fifth of that year's purchases from Shell. There were no intercompany sales prior to 2011. Plaster had net income in 2011 of $750,000 from its own operations and in 2012 its independent income was $780,000. Shell reported net income of $322, 500 and $335, 400 for 2011 and 2012, respectively. Prepare in general journal form all entries necessary on the consolidated financial statement Workpapers to eliminate the effects of the intercompany sales for each of the years 2011 and 2012. Calculate the amount of non-controlling interest to be deducted from consolidated income in the consolidated income statement for 2012. Calculate controlling interest in consolidated income for 2012