9 S Co an 80%-owned subsidiary of P Co,sold inventory items to its parent at a $48,000 loss in 2014. P resold one third of this inventory to outside entities. S reported net income of $200,000 for 2014.Noncontrolling interest share of consolidated net income that will appear in the income statement for 2014 is

Select one: a. $40,000 b. $46,400 c. $43,200 d. $36,800