Parent Subsidiary Sales $1,500,000 $500,000 Cost of Goods Sold 750,000 Operating Expenses 550,000 250,000 150,000 $200,000 $100,000 Net Income Inventory 12/31/X1 1/ $60000 $120000 Parent owns 80% of Subsidiary's common stocks. Subsidiary sold $200,000 of goods to Parent. Of the $200,000 goods, $60,000 were not sold on 12/31/X1. Parent and Subsidiary have a uniform margin (gross profit rate) on all of its sales. What amount will be the distribution of income to the noncontrolling interest (from Subsidiary income distribution schedule)? a. 20,000 b. 14,000 c. 70,000 d. 100,000