Presented below are several figures reported for Post Incorporated and Mitchell Company $asof$ December $31of$ the current year which was the second year $of$ owning Mitchell.

ItemsPost IncorporatedMitchell CompanyInventory$ $200,000$$ $100,000$Sales$450,000250,000$Cost $of$ Goods Sold$250,000190,000$Expenses$90,00050,000$

Two years ago, Post Incorporated acquired $80\%of$ Mitchell Company's outstanding common stock $on$ January $1.$ The entire difference between the amount paid and the fair value $of$ Mitchell$s$ net assets $is$ attributed $to$ a previously unrecorded patent with a fair value $of$ $$112,500.$ The patent $is$ being amortized over $20$ years. During the first year, Mitchell sold Post inventory costing $$60,000$ for $$70,000.30\%of$ this inventory was not sold $to$ external parties until the following year. During the second year, Mitchell sold inventory costing $$90,000to$ Post for $$115,000.Of$ this inventory, $25\%$ remained unsold $on$ December $31of$ the second year.

What $is$ the noncontrolling interest's share $of$ Mitchell Company's net income earned $in$ the second year?