On January 1,2014 Paki Inc Required:
Compute Controlling Interest Share of Consolidated Net Income and the Time

On January 1,2014 Paki Inc.bought 75% interest in Adam Corporation.At the time of purchase,Adam owned 80% of Baird Company.In all acquisitions,the book value equals the fair value,which equals the acquisition cost.Separate earnings (loss)(excluding investment income)for the three affiliates for 2014 are as follows:
$$\begin{array} { l c c } & \text { Separate } \\&\text { Earnings (Loss)}&\text { Dividends }\\\text { Paki Inc. } & \$ 400,000 & \$ 150,000 \\\text { Adam Corporation } & ( 50,000 ) & 90,000 \\\text { Baird Company } & 100,000 & 35,000\end{array}$$ Required:
Compute controlling interest share of consolidated net income and noncontrolling interest shares for Paki and affiliates for 2014.