The affiliation structure for Place Corporation and its affiliates is as follows:

During 2011 the separate incomes of the affiliates were as follows:Place .... $200,000Lake ... $ 80,000Marsh .... $ 70,000Lake's income includes $20,000 unrealized profit on land sold to Marsh during 2011.REQUIRED: Prepare a schedule that shows the allocation of income among the affiliates and also shows controlling and noncontrolling interest shares of consolidated net income for 2011.

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Place 60% 70% Marsh Lake 20%