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Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costing $127,400 to Angela for $196,000. Of this inventory,
Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costing $127,400 to Angela for $196,000. Of this inventory, $57,600 worth was not sold to outsiders until 2021. During 2021, Corby sold inventory costing $91,300 to Angela for $166,000. A total of $52,200 of this inventory was not sold to outsiders until 2022. In 2021, Angela reported separate net income of $229,000 while Corby's net income was $135,500 after excess amortizations. What is the noncontrolling interest in the 2021 income of the subsidiary? Multiple Choice $13,217 $13,010. $13,550 $13,739.
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