what would the noncontrolling interest be?

Following are the individual financial statements for Gibson and Davis for the year ending December 31, 2021: Gibson acquired 60 percent of Dovis on April 1, 2021, for $558,750. On that date, equipment owned by Davis (with a five-year remaining life) was overvalued by $63,000. Also on that date, the fair value of the 40 percent noncontrolling interest was $372.500 Davis earned income evenly during the year but declared the $20,000 dividend on November 1,2021. a. Prepare a consolidated income statement for the year ending December 31,2021. b. Determine the consolidated balance for each of the following accounts as of December 31,2021 : Prepare a consolidated Income statement for the year ending December 31, 2021. (Enter all a