A schedule of intercompany investment interests and separate earnings for Par Corporation, Sit Corporation, and Tot Corporation is presented as follows:

REQUIRED
1. Compute controlling interest share and noncontrolling interest share of consolidated net income assuming no investment differences between fair value and book value or unrealized profits.
2. Compute controlling interest share and noncontrolling interest share assuming $20,000 unrealized inventory profits on Tot's sales to Sit and a $40,000 gain on Par's sale of land to Sit.

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Percentage Interest in Sit Percentage Interest in Tot Separate Earnings Current Year 50% Par Corporation Sit Corporation Tot Corporation 80% $400,000 200,000 100,000 20 10