Parminter Corporation owns a 80% interest in the common stock of Sanchez Corporation and 20% of Sanchez's preferred stock on December 31, 2005. Sanchez had 2005 net income of $30,000.

Sanchez's equity was as follows:

10% preferred stock $50,000

Common stock $350,000

Question: What should be the noncontrolling interest expense in the consolidated financial statements of Parminter?

	a.	$5,000
	b.	$20,000
	c.	$25,000
	d.	$30,000