2. Pop acquired a 60 percent interest in Son on January 1, 2016, for $360,000, when Son’s net assets had a book value and fair value of $600,000. During 2016, Pop sold inventory items that cost $600,000 to Son for $800,000, and Son’s inventory at December 31, 2016, included one-fourth of this merchandise. Pop reported separate income from its own operations (excludes investment income) of $300,000, and Son reported a net loss of $150,000 for 2016. Controlling share of consolidated net income for Pop Corporation and Subsidiary for 2016 is:

a $260,000 b $180,000 c $160,000 d $100,000