40. Effect on consolidated net income of acquisition of affiliate's debt from non-affiliate A Parent Company owns 70 percent of its Subsidiary. During 2022, the Parent company reports net income (by itself, without any investment income from its Subsidiary) of $975,000 and the subsidiary reports net income of $455,000. The Subsidiary had a bond payable outstanding on January 12022 , with a carrying value equal to $715,000. The face amount of this bond is $650,000. The Parent acquired the bond on January 1, 2022, for $734,500. During 2022, the Parent reported interest income (related to the bond) of $71,500 while the Subsidiary reported interest expense (related to the bond) of $67,600. What is consolidated net income attributable to the controlling interest for the year ended December 31, 2022? 41. Effect on consolidated net income attributable to noncontrolling interest of affiliate's debt acquired from non-affiliate Refer to the facts in Multiple Choice \#40, above. What is consolidated net income attributable to the noncontrolling interest for the year ended December 31, 2022? a. $115,050 c. $136,500 b. $130,650 d. $156,780