On January 1, 20X1, Peace, Inc., acquired 70 percent of Silver's outstanding voting stock. No excess fair-value amortization resulted from the acquisition.

On January 1, 20X1, Silver sold equipment to Peace for $20,000. This asset originally cost $32,000 but had a January 1, 20X1, book value of $16,000. At the time of transfer, the equipment's remaining life was estimated to be four years. Silver reported net income of $150,000 for year 20X1. What is the noncontrolling interest in the 20X1 income of the subsidiary?

$43,800

$44,100

$42,800

$42,000