Problem - Assume the following facts relating to an 75% owned subsidiary company:
BOY stockholders' equity $880,000
BOY AAP assets 96,000
Net income of subsidiary (not including [A] asset depreciation and amortization) 200,000
AAP assets depreciation and amortization expense 32,000
Dividends declared and paid by subsidiary 16,000
Compute the amount reported as noncontrolling equity at the end of the year.