1st and 3rd answers are wrong

Check Thomson Corporation owns 70 percent of the outstanding-stock of Stayer, Incorporated. On January 1, 2016, Thomson acquired a building with a 10-year life for $424,000. Thomsorn depreciated the building on the straight-line basis assuming no salvage value. On January 1, 2018, Thomson sold this building to Stayer for $373,600. At that time, the building hada remaining life of eight years but still no expected salvage value. In preparing financial statements for 2018, how does this transfer affect the computation of consolidated net income? Multiple Choice Net income is reduced by $34,400. Net income is reduced by $38,700 Net income is reduced by $29,360 Net income is reduced by $30,100