A parents beginning inventory contains unconfirmed profits on goods purchased from its subsidiary of $75,000. The subsidiary's beginning inventory contains unconfirmed profits on goods purchased from its parent of $120,000. The parent owns 80% of the subsidiary. What is the effect on consolidated net income and the noncontrolling interest in net income?

A. Consolidated net income increases $156,000; noncontrolling interest in net income increases $39,000.

B. Consolidated net income increases $120,000; noncontrolling interest in net income decreases $15,000.

C. Consolidated net income increases $195,000; noncontrolling interest in net income increases $15,000.

D. Consolidated net income increases $195,000; noncontrolling interest in net income increases $39,000.