See attachments. Help answer all the questions. Plug Products owns $80$ percent of the stock of Spark Filter Company, which it acquired at underlying book value on August $30,\backslash (20\backslash$times $6\backslash ).$ At that date, the fair value of the noncontrolling interest was equal to $20$ percent of the book value of Spark Filter. Summarized trial balance data for the two companies as of December $31,20$X$8,$ are as follows:

On January $1,20$X$8,$ Plug's inventory contained filters purchased for $\backslash (\backslash$$ $74,000\backslash )$ from Spark Filter, which had produced the filters for $\backslash (\backslash$$ $54,000\backslash ).$ In $20$X$8,$ Spark Filter spent $\backslash (\backslash$$ $114,000\backslash )$ to produce additional filters, which it sold to Plug for $\backslash (\backslash$$ $156,222\backslash ).$ By December $31,20$X$8,$ Plug had sold all filters that had been on hand January $1,20$X$8,$ but continued to hold In inventory $\backslash (\backslash$$ $46,867\backslash )$ of the $\backslash (20\backslash$times $8\backslash )$ purchase from Spark Filter.

b$.$ Compute consolidated net income and income assigned to the controlling interest in the $20$ xx$8$ consolidated income statement.

c$.$ Compute the balance assigned to the noncontrolling interest in the consolidated balance sheet as of December $31,20$ xx$8.$