DaSilva Corp. owns 60 percent of Sherbrooke Inc.’s common shares and 35 percent of Tremblant Ltd.’s common shares. In addition, Sherbrooke owns 36 percent of Tremblant’s shares. In Year 5, DaSilva, Sherbrooke, and Tremblant reported operating income of $80,000, $70,000, and $60,000 and declared dividends of $40,000, $25,000, and $20,000, respectively. 

Required 

(a) What amount of consolidated net income will DaSilva report for Year 5? 

(b) What amount of income will be assigned to the noncontrolling interest in the Year 5 consolidated income statement? 

(c) What amount of income will be assigned to the controlling interest in the Year 5 income statement? 

(d) What amount will be reported as dividends declared in DaSilva’s Year 5 consolidated retained earnings statement?