Pail Corporation acquired 80 percent of the common shares and 70 percent of the preferred shares of Shovel Corporation at underlying book value on January 1, 20X9. At that date, the fair value of the noncontrolling interest in Shovel's common stock was equal to 20 percent of the book value of its common stock. Shovel's balance sheet at the time of acquisition contained the following balances: Total Assets $ 600,000 Total Liabilities $ Preferred Stock Common Stock Retained Eainings Total Liabilities and Equities $ 90,000 100,000 150,000 260,000 600,000 Total Assets $ 600,000 The preferred shares are cumulative and have a 10 percent annual dividend rate and are four years in arrears on January 1, 20X9. All of the $5 par value preferred shares are callable at $6 per share. During 20X9, Shovel reported net income of $100,000 and paid no dividends. Based on the preceding information, what will be the amount of income to be assigned to the noncontrolling interest in the 20X9 consolidated income statement? O $21,000 O $15,000 O $23,000 $18,000