This is a 2 years problem. on january 1,2020, Jannison inc (parent) acquired 90% of Techron Co. (subsidiary ) by paying $500,000 Cash. the is no active trading market for Techron stock. Techron Co. reported a common stock account balance of $150,000 and Retained Earning of $300,000 at that date.the 100% fair value of Techron Co. was appraised at $500,000 and therefore the non controlling interest beginning balance is $55,000. the total annual amortization was $10,000 in as a result of this transaction. the subsidiary earned $100,000 in 2020 and $125,000 in 2021 with dividend payment of $25,000 each year. without regard for this investment. Jacksonian had income of $325,000 in 2020 and $375,000 in 2021

1- prepare a proper presentation of consolidated net income for 2020.

Consolidated net income:----------

Net income for noncontrolling interest-----------

Net income for controlling interest-------------------

2-prepare a proper presentation of consolidated net income for 2021

Consolidated net income ----------

Net income for Noncontrolling interest---------------------

net income for controlling interst--------------.