The affiliation structure for Place Corporation and its affiliates is as follows:During 20...

The affiliation structure for Place Corporation and its affiliates is as follows:

During 2011 the separate incomes of the affiliates were as follows:

Lake’s income includes $40,000 unrealized profit on land sold to Marsh during 2011.

REQUIRED: Prepare a schedule that shows the allocation of income among the affiliates and also shows controlling and noncontrolling interest shares of consolidated net income for 2011.