Royce Co. acquired 60% of Park Co. for $420,000 on December 31, 2014 when Park's book value was $560,000. The Royce stock was not actively traded. On the date of acquisition, Park had equipment (with a ten-year life) that was undervalued in the financial records by $140,000. One year later, the following selected figures were reported by the two companies. Additionally, no dividends have been paid.

What is the non-controlling interest's share of the subsidiary's net income for the year ended December 31, 2015 and what is the ending balance of the non-controlling interest in the subsidiary at December 31, 2015?
a) $56,000 and $280,000.
b) $56,000 and $224,000.
c) $50,400 and $330,400.
d) $56,000 and $336,000.
e) $50,400 and $218,400.

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Park Co. Royce Co. Book Book Fair Value Value Value $ 420,000 280,000 210,000 $ 448,000 400,000 210,000 Current assets 868,000 Equipment Buildings Liabilities 364,000 574,000 ( 546,000) (1,260,000) 700,000 ( 168,000) ( 168,000) ( 560,000) Revenues Expenses Investment income 420,000 Not Given