$On$ January $1,2022,$ Monica Company acquired $70$ percent $of$ Young Company's outstanding common stock for $$686,000.$ The

fair value $of$ the noncontrolling interest $at$ the acquisition date was $$294,000.$

Young reported stockholders' equity accounts $on$ that date $as$ follows:

Common stock$-$ $$10$ par value $$300,000$

Additional paid$-in$ capital $80,000$

Retained earnings $500,000$

$In$ establishing the acquisition value, Monica appraised Young's assets and ascertained that the accounting records

undervalued a building $(with$ a five$-$year remaining life$)by$ $$80,000.$ Any remaining excess acquisition$-$date fair value was

allocated $to$ a franchise agreement $tobe$ amortized over $10$ years.

During the subsequent years, Young sold Monica inventory $ata40$ percent gross profit rate. Monica consistently resold this

merchandise $in$ the year $of$ acquisition $orin$ the period immediately following. Transfers for the three years after this business

combination was created amounted $to$ the following:

$In$ addition, Monica sold Young several pieces $of$ fully depreciated equipment $on$ January $1,2023,$ for $$45,000.$ The equipment

had originally cost Monica $$68,000.$ Young plans $to$ depreciate these assets over a six$-$year period.

$In2024,$ Young earns a net income $of$ $$230,000$ and declares and pays $$70,000in$ cash dividends. These figures increase the

subsidiary's Retained Earnings $toa$ $$830,000$ balance $at$ the end $of2024.$ During this same year, Monica reported dividend

income $of$ $$49,000$ and $an$ investment account containing the initial value balance $of$ $$686,000.No$ changes $in$ Young's

common stock accounts have occurred since Monica's acquisition. Prepare the $2024$ consolidation worksheet entries for Monica and Young.

Compute the net income attributable $to$ the noncontrolling interest for $2024.$