In a mutual ownership relationship, a parent company owns 80% interest of a subsidiary and the subsidiary owns 30% of the parent company. Total annual excess amortization resulting from the parent's acquisition of subsidiary was $3,500. The initial value method was adopted by the parent company. During current year, the following information is reported. What is the noncontrolling interest's share in subsidiary's income for the current year? $19,300 $22,400 $32,550 $21,700