The following balances were taken from the records of Pharoah Company: Common stock (1/1/20 and 12/31/20) $720,800 Retained earnings 1/1/20 $162,000 Net income for 2023 181,900 Dividends declared in 2023 (41,100) Retained earnings, 12/31/20 302,800 Total stockholders' equity on 12/31/20 $1,023,600 Sheridan Company purchased 75% of Pharoah Company's common stock on January 1, 2021 for $901,200. The difference between implied value and book value is attributable to assets with a remaining useful life on January 1, 2023 of ten years. Compute the difference between cost/(implied) and book value applying: 1. Parent company theory. 2. Economic unit theory. Compute noncontrolling interest in consolidated income for 2023. Compute noncontrolling interest in net assets on December 31, 2023.