Help Save & Exit Anderson Company, a 90% owned subsidiary of Philbin Corporation, transfers inventory to Philbin at a 25% gross profit rate. The following data are available pertaining specifically to Philbin's intra-entity purchases from Anderson, Anderson was acquired on January 1, 2020, 2020 2021 2022 $8,000 $12,000 $15,000 Purchases by Philbin Ending inventory on Philbin's books 1,200 4,000 3,000 Assume the equity method is used. The following data are available pertaining to Anderson's income and dividends. 2020 $70,000 2021 2022 $85,000 $94,000 Anderson's net income Dividends paid by Anderson 10,000 10,00 15,000 Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, compute the net income attributable to the noncontrolling interest of Anderson for 2022. Multiple Choice $9.400 ca 27 Help Save & Exit Anderson Company, a 90% owned subsidiary of Philbin Corporation, transfers inventory to Philbin at a 25% gross profit rate. The following data are available pertaining specifically to Philbin's intra-entity purchases from Anderson, Anderson was acquired on January 1, 2020, 2020 2021 2022 $8,000 $12,000 $15,000 Purchases by Philbin Ending inventory on Philbin's books 1,200 4,000 3,000 Assume the equity method is used. The following data are available pertaining to Anderson's income and dividends. 2020 $70,000 2021 2022 $85,000 $94,000 Anderson's net income Dividends paid by Anderson 10,000 10,00 15,000 Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, compute the net income attributable to the noncontrolling interest of Anderson for 2022. Multiple Choice $9.400 ca 27