Edgar Co. acquired 60% of Stendall Co. on January 1, 2018, During 2018, Edgar made several sales of inventor, to Stendall. The cost and sales price of the goods were $140, 000 and $200, 000, respectively. Stendall still owned one-fourth of the goods at the end of 2018. Consolidated cost of goods sold for 2018 was $2, 140, 000 due to a consolidating adjustment for intra-entity transfers less intra-entity gross profit in Stendall ending inventor. How would consolidated cost of goods sold have differed if the inventory transfers had been for the same amount and cost, but from Stendall to Edgar? A) Consolidated cost of goods sold would have remained $2, 140, 000. B) Consolidated cost of goods sold would have been more than $2, 140, 000 because of the controlling interest in the subsidiary. C) Consolidated cost of goods sold would have been less than $2, 140, 000 because of the noncontrolling interest in the subsidiary. D) Consolidated cost of goods sold would have been more than S2, 140, 000 because of the noncontrolling interest in the subsidiary. E) The effect on consolidated cost of goods sold cannot be predicted from the information provided. How would net income attributable to the noncontrolling interest be different if the transfers had been for the same amount and cost but from Stendall to Edgar? A) Net income attributable to the noncontrolling interest would have decreased by $6, 000. B) Net income attributable to the noncontrolling interest would have increased by $24, 000. C) Net income attributable to the noncontrolling interest would have increased by $20, 000. D) Net income attributable to the noncontrolling interest would have decreased by $1S, 000. E) Net income attributable to the noncontrolling interest would have decreased by $56, 000. On January 1, 2018, Race Corp. acquired 15% of the voting common stock of Gallow Inc. During the year, Race sold to Gallow for S450, 000 goods that cost $330, 000. At year-end, Gallow owned 15% of the goods transferred. Gallow reported net income of $204, 000, and Race s net income was $806, 000. Race decided to use the equity method to account for this investment. Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what was the net income attributable to the noncontrolling interest? A) $3, 600. B) $22, 800. C) $30, 900. D) $32, 900. E) $40, 800