Chapter 5 Test 10 3 Problem 5-10 (Algo) (LO 5-7) Save & Ext Thomson Corporation owns 70 percent of the outstanding stock of Stayer Incorporated. On January 1, 2013. Thomson acquired a building with a 10-year for $444,000 Thomson depreciated the building on the straight ane basis assuming no salvage value. On January 1, 2021. Thomson sold this building to Slayer for $294.400 At that time, the building had a remaning ife of eight years but still no expected salvage value in preparing financial statements for 2021. how does this transfer affect the computation of consolidated net income? Mule Choice Net income a reduced by $34,240 Net income is reduced by $44300 Net income reduced by $30.200 Net income is reduced by 534.300