P company acquires 90% of the outstanding common stock of S company for $800,000 on 1/1/2021. In 2021, P company earns net income of $90,000. S company earns net income of $20,000 and declares dividend of $10,000 in 2021. P company uses the partial equity method to record its investment. Calculate the controlling interest in consolidated net income on 12/31/2021.

1. $90,000
2. $110,000
3. $99,000
4. $108,000

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