on january 1 20×2 peter limited purchased 70 of the outstanding voting common shares of susan limited at a cost of 139200/

Required
1. Calculate non-controlling interest in net income for 20X5 assuming consolidation is appropriate.
2. Calculate non-controlling interest in the consolidated statement of financial position as of the end of 20X5.
3. Calculate consolidated net income for 20X5, assuming a 10-year remaining life at acquisition date for capital assets and straight-line depreciation. Note that Peter Limited uses the cost method and that Susan Limited paid dividends during the year. Reported at End of20X5