Oceanic Freight Corporation owns 70% of Aquatic Cruises Corporation's common stock. On January 1, 20X1, Oceanic sold land to Aquatic at a $40,000 gain. For the year 20X1, Aquatic Cruises reports net income of $100,000. Oceanic reports separate operating income of $200,000 for the year 20X1. Calculate the 20X1 consolidated net income attributable to the controlling interest. Group of answer choices $230,000 $260,000 $300,000 $240,000