Happy owns 90% of Sad. In 2021, Sad sold inventory (cost $70,000) to Happy for $100,000. 40% of this inventory was not sold to third parties by Happy until 2022. In 2022, Sad sold inventory (cost $72,000) to Happy for $120,000. Of this inventory, $50,000 was not sold to third parties by Happy until 2023. In 2022, Sad reports Net Income of $80,000. What is noncontrolling interest in 2022 income of Sad.

$8,800

$64,800

$7,200

$24,800