Femur co. acquired 70% of the voting common stock of harbor corp. on january 1, 2019. during 2019, harbor had revenues of $2,500,000 and expenses of $2,000,000. the amortization of fair value allocations totaled $60,000 in 2019. not including its investment in harbor, femur co. had its own revenues of $4,500,000 and expenses of $3,000,000 for the year 2019. the noncontrolling interest's share of the earnings of harbor corp. for 2019 is calculated to be:

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.