Tally Corporation and its subsidiary reported consolidated net income of $164,300 for 20X2. Tally owns 60 percent

Question:

Tally and its subsidiary reported consolidated net income of $164,300 for 20X2. Tally owns 60 percent of the common shares of its subsidiary, acquired at book value. Noncontrolling interest was assigned income of $15,200 in the for 20X2.

Required
Determine the amount of separate operating income reported by Tally for 20X2.

Consolidated Income Statement
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