2. If the conventional approach is used, Pet’s income on a consolidated basis is denoted P = $100,000 + $0.9S and Sod’s income on a consolidated basis is denoted S = $60,000 + 0.15P. Given these equations, the controlling share of consolidated net income is equal to:

a P b 0.85P c P  0.1S d P  S  0.15S