On January 1, Year 6, AB Inc. purchased 80 percent of the common shares of CD Corp. for $1,400,000. On the date of acquisition, CDs shareholders equity was as follows:

Common shares $600,000 Retained earnings $608,000

Any acquisition differential was allocated to goodwill. During Year 6, CD earned a net income of $400,000 and paid dividends of $300,000. On December 31, Year 6, a goodwill impairment loss of $30,000 was recorded.

What is consolidated net income attributable to the non-controlling interest on the consolidated income statement for the year ended December 31, Year 6?

Multiple Choice

• $20,000

• $60,000

• $74,000

• $80,000