Pet Corporation owns 90 percent of the stock of Man Corporation and 70 percent of the stock of Nun Corporation. Man owns 70 percent of the stock of Oak Corporation and 10 percent of the stock of Nun Corporation. Nun Corporation owns 20 percent of the stock of Oak Corporation.

Separate incomes for the year ended December 31, 2011, are as follows:

Pet .... $65,000

Man ... $18,000

Nun ... $28,000

Oak .... $ 9,000

During 2011, Man sold land to Nun at a profit of $4,000. Oak sold inventory items to Pet at a profit of $8,000, half of which remains in Pet’s inventory. Pet purchased for $15,000 Nun’s bonds, which had a book value of $17,000 on December 31, 2011.

REQUIRED: Calculate controlling and noncontrolling interest shares of consolidated net income for 2011.