The stockholder's equity accounts of Pen Corporation and Sin Corporation at December 31, 2010, were as follows (in thousands):
Pen Corporation Sin Corporation
Capital stock .......................... $2,400 ..................... $1,000
Retained earnings ..................... 1,000 ...................... 200
Total ................................... $3,400 ..................... $1,200
On January 1, 2011, Pen Corporation acquired an 80 percent interest in Sin Corporation for $1,160,000. The excess fair value was due to Sin Corporation's equipment being undervalued by $100,000 and unrecorded patents. The undervalued equipment had a five-year remaining useful life when Pen acquired its interest. Patents are amortized over 10 years.
The income and dividends of Pen and Sin are as follows (in thousands):

REQUIRED
Assume that Pen Corporation uses the equity method of accounting for its investment in Sin.
1. Determine consolidated net income for Pen Corporation and Subsidiary for 2011.
2. Compute the balance of Pen's Investment in Sin account at December 31, 2011.
3. Compute noncontrolling interest share for 2011.
4. Compute noncontrolling interest at December 31, 2012.

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Pen NİİN IR 2011 2012 20 2012 Net income $680$700 $240 $300 160 180 Dividends 500