Smith, Inc., has the following stockholders' equity accounts as of January 1, 2014 Preferred stock $125 par, nonvoting and Common stock- $20 par value Retained earnings S 2,050,000 4,050,000 10,050,000 Haried Company purchases all of Smith's common stock on January 1, 2014, for $14.170,000 The preferred stock remains in the hands of outside parties. Any excess acquisition-date fair value will be assigned to franchise contracts with a 50-year remaining life During 2014, Smith reports earning $500,000 in net income and declares $410,000 in cash dividends Haried applies the equity method to this investment g interest's share of consolidated net income for this period? a. What is the noncontrollin 49,350 Net income - noncontrolling interest's share Investment in Smith account as of December 31, 2014