28. Small-Town Retail owns 70 percent of Supplier Corporation's common stock. For the current financial year, Small-Town and Supplier reported sales of $450,000 and $300,000 and expenses of $290,000 and $240,000, respectively. Based on the preceding information, what is the amount of net income to be reported in the consolidated income statement for the year under the entity theory approach? A. $210,000 B. $202,000 C. $160,000 D. $220,000