Calculating the NCI Deduction — Upstream Transfers In 2006, Sote Inc., an 80%-owned sub¬

sidiary of Pote Inc., sold inventory costing $300,000 to Pote for $400,000. Pote resold $340,000 of this inventory in 2006 for $5 10,000. Sote also reported net income of $200,000 for 2006, dis¬

regarding any unrealized intercompany profit at the end of 2006.

Calculate the wowcontrolling interest deduction to be reported in the 2006 consolidated income statement.