On January 1, 2011, Sin Corporation, a 60 percent-owned subsidiary of Pot Company, sells a building with a book value of $300,000 to its parent for $350,000. At the time of sale, the building has an estimated remaining life of 10 years with no salvage value.

Pot uses straight-line depreciation. If Sin reports net income of $1,000,000 for 2011, noncontrolling interest share will be:

a. $450,000.

b. $400,000.

c. $382,000.

d. $355,000.

Do not copy from Chegg and give a complete answer with an explanation