6. P Company owns an 80% interest in S Company. During 2017, S sells merchandise to P for $150,000 at a profit of $30,000. On December 31, 2017, 50% of this merchandise is included in P's inventory. Income statements for P and S are summarized below: P S Sales $900,000 $450,000 Cost of Sales (450,000) (300,000) Operating Expenses (225,000) (60,000) Net Income (2017) $225,000 $ 90,000 Controlling interest in consolidated net income for 2017 is: A) $225,000. B) $285,000. C) $297,000. D) $315,000. 7. Noncontrolling interest in consolidated income is never affected by: A) upstream sales. B) downstream sales. C) horizontal sales. D) Noncontrolling interest is affected by all sales.