Pappas Company owns 85 percent of Sunny Company's stock and 80 percent of Company's stock. All acquisitions were made at book value. The fair values of noncontrolling interests at the time of acquisition were equal to the proportionate share of the book values of the companies. The companies file a consolidated tax return each year and in 20X9 paid a total tax of $ 112,000. Each company is involved in a number of intercompany transfers each period. Information on the companies' activities for 20X9 is as follows: Pappas Company Sunny Company Company 20X9 Reported Operating Income s 155,000 35,000 60,000 20X8 Intercompany Profit Realized in 20X9 $ 25,000 10,ooo 28,000 20X9 Intercompany Profit Not Realized in 20X9 s 15,000 6,000 12,000 Pappas Company does not record income tax expense on income from subsidiaries because a consolidated tax return is filed.