Oto Corleon 19. Company Pacquired 100% of the shares of Company S on Jan 1, 20x1. On Dec 31, 20x1, the incomplete income statement of P and S is given below. Consolidated Statements P Co. S Co. Income Statement Sales 800,000 Less: COGS -200,000 Less: Dep Exp -50,000 Less: Other -225,000 Exp Income from S Co. Net Income 250,000 - 125,000 -10,000 -40,000 What net income will P report in its individual income statement (including the income from S)? $525,000 $375,000 $325,000 $400.000