22. What is the impact on the non-controlling interest of a subsidiary when there are downstream transfers of inventory between the parent and subsidiary companies? A) Any resulting gain or loss is reported (in total) in the current period income B) Any cash received is reported in Accumulated Other Comprehensive Income. C) There is no impact on the non-controlling interest of a subsidiary. D) A pro rata portion of deferred gain or loss is recognized in the income statement. statement. 23. Morneau Company, a 100% owned subsidiary of Robertson Corporation, sells inventory to Robertson at a 30% profit on selling price. The following data are available pertaining to inter-company purchases by Robertson: Inter-company sales: Unsold at year end (based on selling price): 2016: $17,600 2016: $3,200 2017: $24,300 2017: $5,700 2018: $27,000 2018: $4,800 Morneau's profit numbers were $113,000, S204,000 and $225,600 for 2016, 2017, and 2018, respectively. Robertson received dividends from Morneau of $21,000 for 2016 and 2017, and $25,000 for 2018. Assume Morneau uses the equity method to account for its investment in Robertson. What is the balance in the pre-consolidation Income (loss) from subsidiary account for 2016? A) $112,040 B) $113,000 C) $113,960 D) $ 91,040