ast Imperial Corporation acquired a 90% interest in Moon Corporation in 2017 when Moon's book values

were equivalent to fair values. Moon sold equipment with a book value

of $80,000 to East for $130,000 on January 1, 2019. East is fully depreciating the equipment

over a 4-year period by using the straight-line method. Moon reported net income

for 2019 was $420,000. East's 2019 income from Moon was

A)$249,250.B) $250,500.

C)$254,250.D) $301,000

A.$249,250.

B.$250,500

C.$254,250