XXX Corporation acquired an 80% interest in YYY Corporation on January 1, 2020, for $120,000 cash when YYY had Capital Stock of $60,000 and Retained Earnings of $60,000. The fair value/book value difference was attributable to equipment with a 10-year (straight-line) expected useful life. YYY suffered a $30,000 net loss in 2020 and paid $ 10,000 dividends. XXX's separate income for 2020 was $250,000. Required:

(1) Compute the total controlling share of net income

(2) Compute the noncontrolling share of net income

(SHOW YOUR COMPUTATIONS)