Pepper Corporation owns 70 percent of Salt Company's stock. In the 20X9 consolidated income statement, the noncontrolling interest was assigned $15,300 of income. There was no differential in the acquisition. Required: What amount of net income did Salt Company report for 20X9? Answer is complete but not entirely correct. $ 60,000 X Net income

Pepper Corporation owns 70 percent of Salt Company's stock. In the 209 consolidated income statement, the noncontrolling interest was assigned $15,300 of income. There was no differential in the acquisition. Required: What amount of net income did Salt Company report for 209