ABC owns 90% interest of DEF Co. The following information are provided: АВС Со. DEF Co. Sales 1,000,000 2,700,000 Cost of Sales (400,000) (1,350,000) Gross Profit Operating Expense 600,000 1,350,000...

Extracted text: ABC owns 90% interest of DEF Co. The following information are provided: АВС Со. DEF Co. Sales 1,000,000 2,700,000 Cost of Sales (400,000) (1,350,000) Gross Profit Operating Expense 600,000 1,350,000 (250,000) 20,0000 1,120,000 (400,000) Dividend Income Net Income 200,000 ABC sold goods to DEF for P30,000, 20% of these goods were sold for the year. DEF also sold goods to ABC for P50,000, 20% of these goods were unsold at the end of the year. The ending inventory for ABC and DEF are P120,000 and 50,000 respectively. Compute for the Non-controlling interest in Net Income.