Pam Corporation acquired an 80 % interest in Son Company

Pam Corporation acquired an 80 % interest in Son Company on January 1, 2019, for $ 90,000 cash when Son had Capital Stock of $ 60,000 and Retained Earnings of $ 40,000. The fair value / book value differential was attributable to equipment with a 10-year straight – line) expected useful life. Son suffered a $10,000 net loss in 2019 and paid no dividends. At year – end 2019,

 Son owed Pam $ 18,000 on account. Pam’s separate income for 2019 was $ 150,000 

Required: 

1 Compute the total controlling share of net income 

2  Compute the non controlling share of net income.