On January 1, 2020, PC Power Company, a company located in Singapore, acquired 75% of Sandisk Company's voting stock for S$25,000 in cash. Indefinite life identifiable intangible assets not previously reported on Sandisk's balance sheet had a fair value of S$8,000. There were no other date-of-acquisition revaluations of Sandisk's identifiable net assets. Sandisk's book value at January 1, 2020 was S$3,000.

It is now December 31, 2021 (two years later). There is no goodwill impairment in 2020, and goodwill impairment for 2021 is S$300. The previously unreported identifiable intangible assets were impaired by S$200 in 2020 and S$100 in 2021. PC Power uses the complete equity method to account for its investment, and follows IFRS, using the alternative method for valuing noncontrolling interests and goodwill. December 31, 2017 trial balances for PC Power and Sandisk appear below.

PC Power

Dr (Cr)

Sandisk

Dr (Cr)

Tangible assets, net

S$ 46,000

S$ 30,500

Investment in Sandisk

26,725

-

Liabilities

(35,350)

(24,500)

Capital stock

(15,000)

(1,000)

Retained earnings, beginning

(21,000)

(4,000)

Sales revenue

(25,000)

(13,500)

Equity in net income of Sandisk

(375)

-

Cost of sales and operating expenses

24,000

12,500

Total

S$0

S$0

In the operating section of the consolidated statement of cash flows, if using the indirect method, which item below issubtractedfrom consolidated net income?

A.Cash dividends received on equity method investments

B.Undistributed equity method income

C.Noncontrolling interest in net loss of subsidiary

D.Consolidated depreciation expense