Page Company purchased an 80% interest in the common stock of the Seed Company for $600,000 on January 1, 2019, when Seed Company had the following stockholders' equity:

Common stock, $10 par	$300,000
Cumulative preferred stock, 10%, $10 par	100,000
Paid-in excess of par, common	50,000
Retained earnings	200,00

Any excess of cost over book value on the common stock purchase was attributed to goodwill. Page does not hold any of Seeds preferred stock. Seed had net income of $40,000 during 2019 and paid no dividends.

The preferred stock is two years in arrears on January 1, 2019. The non-controlling interest share of 2019 net income was ____.

	a.	$16,000
	b.	$6,000
	c.	$3,200
	d.	$8,000