Pepe, Incorporated acquired 60% of Devin Company on January 1, 2020. On that date Devin sold equipment to Pepe for $45,000. The equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years. Devin reported net income of $300,000 and $325,000 for 2020 and 2021, respectively. Pepe uses the equity method to account for its Investment In Devin. Assuming there are no excess amortizations or other Intra-entity transactions, Compute the net income attributable to the noncontrolling Interest of Devin for 2020. Multiple Choice $116,400. $120,400. $120,000. $123,200. $112,000.