On January 1, 20X1, Peace, Inc., acquired 70 percent of Silver's outstanding voting stock. At that date, $74,000 of the acquisition- date fair value was assigned to unrecorded contracts (with a 10-year life). In 20X1, Silver sold inventory costing $21,700 to Peace for $31,000. Of this merchandise, Peace continued to hold $5,000 at year-end. During 20X2, Silver transferred inventory costing $21,600 to Peace for $36,000. Peace still held half of these items at year-end. Silver reported $84,000 of net income for year 20X2. The amount of net income attributable to the noncontrolling interest for 20X2 would be: $25.200 $23.720 $21.270

Is 25,200 the correct answer?