Gargiulo Company, a 90% owned subsidiary of Posito Corporation, sells inventory to Posito at a 25% profit on selling price. The following data are available pertaining to intra-entity purchases. Gargiulo was acquired on January 1, 2010. 
Assume the equity method is used. The following data are available pertaining to Gargiulo's income and dividends. 
Compute the non-controlling interest in Gargiulo's net income for 2010.
Definitions:
Products
Goods or services offered by businesses to meet consumer needs and wants.
Competitive Firms
Companies that operate in a market where there are many buyers and sellers, such that no single entity can dictate the market price of goods and services.
Price
The monetary value that must be paid to secure a good or service.
Product
Anything that can be offered to a market to satisfy a want or need, including physical goods, services, experiences, events, persons, places, properties, organizations, information, and ideas.
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