what earnings relate to minority shareholders of a subsidiary that was consolidated 641677

The income statement of Tawls Company for the year ended December 31, 2010, shows the following:

Revenue from sales		980,000
Cost of products sold		510,000
Gross profit		470,000
Operating expenses:
Selling expenses	$110,000
General expenses	140,000	250,000
Operating income		220,000
Equity on earnings of nonconsolidated subsidiary		60,000
Operating income before income taxes		280,000
Taxes related to operations		100,000
Net income from operations		180,000
Extraordinary loss from flood (less applicable taxes of $50,000)		(120,000)
Net income—noncontrolling interest		(40,000)
Net income		20,000

Required

a. Compute the net earnings remaining after removing nonrecurring items.

b. Determine the earnings from the nonconsolidated subsidiary.

c. For the subsidiary that was not consolidated, what amount of income would have been included

if this subsidiary had been consolidated?

d. What earnings relate to minority shareholders of a subsidiary that was consolidated?

e. Determine the total tax amount.