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The following Information pertain to Problems 13: Listed below are transactions between Pronto Corporation and its 75% owned Subsidiary Salient Corporation. The transactions are for the year 2011-2014 2010 - Pronto sold inventory to Salient. The cost of the inventory to Pronto was $60,000. The inventory was sold to Salient for $80,000. Salient had $40,000 worth of this inventory at the end of 2010 . All remaining inventory items were sold in 2011. 2011 - Salient sold equipment with a four year useful life to Pronto on January 1" for $60,000. The equipment had a book value of $40,000 at the time of sale. The equipment is still in use by Pronto at the end 2013 (SL Depr used). 2012 - Pronto purchased $200,000 par value of Salient's 10\% bonds in the bond market for $208,000 on January 1, 2012. These bonds had a book value of $196,000 when acquired by Pronto and mature on January 1, 2016. Required: Compute the controlling interest share of the consolidated net income for each of the years 20102012. 1) 2010 Controlling Interest Share of Consolidated Net Income = 2) 2011 Controlling Interest Share of Consolidated Net Income = 3) 2010 Controlling Interest Share of Consolidated Net Income = The following Information pertain to Problems 13: Listed below are transactions between Pronto Corporation and its 75% owned Subsidiary Salient Corporation. The transactions are for the year 2011-2014 2010 - Pronto sold inventory to Salient. The cost of the inventory to Pronto was $60,000. The inventory was sold to Salient for $80,000. Salient had $40,000 worth of this inventory at the end of 2010 . All remaining inventory items were sold in 2011. 2011 - Salient sold equipment with a four year useful life to Pronto on January 1" for $60,000. The equipment had a book value of $40,000 at the time of sale. The equipment is still in use by Pronto at the end 2013 (SL Depr used). 2012 - Pronto purchased $200,000 par value of Salient's 10\% bonds in the bond market for $208,000 on January 1, 2012. These bonds had a book value of $196,000 when acquired by Pronto and mature on January 1, 2016. Required: Compute the controlling interest share of the consolidated net income for each of the years 20102012. 1) 2010 Controlling Interest Share of Consolidated Net Income = 2) 2011 Controlling Interest Share of Consolidated Net Income = 3) 2010 Controlling Interest Share of Consolidated Net Income =