This is a 2 year problem. On January 1, 2021, Jannison Inc. (parent) acquired 90% of Techron Co. (subsidiary) by paying $600,000 cash. There is no active trading market for Techron stock. Techron Co. reported a Common Stock account balance of $175,000 and Retained Earnings of $500,000 at that date. The 100% fair value of Techron Co. was appraised at $675,000 and therefore the Noncontrolling Interest beginning balance is $67,500. The total annual amortization was $15,000 as a result of this transaction. The subsidiary earned $130,000 in 2021 and $155,000 in 2022 with dividend payments of $30,000 each year. Without regard for this investment, Jannison had income of $350,000 in 2021 and $400,000 in 2022.

Prepare a proper presentation of consolidated net income for 2021.

Consolidated Net Income:______________

Net Income for Noncontrolling Interest_____________

Net Income for Controlling Interest ________________

Prepare a proper presentation of consolidated net income for 2022.

Consolidated Net Income:______________

Net Income for Noncontrolling Interest_____________

Net Income for Controlling Interest ________________

What is the noncontrolling interest balance as of December 31, 2022?