Sunny Co. owns 10% of Poppy Co, purchased in Year 1. Poppy Co. acquired 80% interest of Sunny at the beginning of Year 2, which resulted in a total annual excess amortization resulting $3,500. The initial value method was adopted by the parent company. During Year 3 , the following information is reported. What is the noncontrolling interest's share in subsidiary's income for Year 3 (i.e.. how much income will be allocated to NCI) ? $22,400 $21,700$10,850 $19,300 On May 30. 2022. Proud Co. acquired 60 percent ownership in Mint Co. Total annual excess amortization result from the acquisition was $18,000. In 2022, Proud reports revenues of $800,000 and expenses of $450,000. In the same year, Mint reports revenues of $500,000 and expenses of $300,000. The parent figures contain no income from the subsidiary. What is the consolidated expense for 2022 in this mid-year acquisition? $614,500$561,300$640,800$635,500 Sunny Co. owns 10% of Poppy Co, purchased in Year 1. Poppy Co. acquired 80% interest of Sunny at the beginning of Year 2, which resulted in a total annual excess amortization resulting $3,500. The initial value method was adopted by the parent company. During Year 3 , the following information is reported. What is the noncontrolling interest's share in subsidiary's income for Year 3 (i.e.. how much income will be allocated to NCI) ? $22,400 $21,700$10,850 $19,300 On May 30. 2022. Proud Co. acquired 60 percent ownership in Mint Co. Total annual excess amortization result from the acquisition was $18,000. In 2022, Proud reports revenues of $800,000 and expenses of $450,000. In the same year, Mint reports revenues of $500,000 and expenses of $300,000. The parent figures contain no income from the subsidiary. What is the consolidated expense for 2022 in this mid-year acquisition? $614,500$561,300$640,800$635,500