20. Palm Company acquired an 80% interest in Lana Company on January 6 points 1, 2019, for $1,080,000 cash when Palm Company had common stock of $600,000 and retained earnings of $600,000. All excess was attributable to plant assets with a 10-year life. Lana Company reported $120.000 income in 2019. Palm Company's separate income in 2019 was $1,500,000. The controlling interest in consolidated net income for 2019 was: * * A. $1,584,000 B. $1,596,000 C. 1,620,000 D. $144,000 E. None of the above