Piemon Company routinely receives goods from its 80%-owned subsidiary, Siemon Corporation. In 20X4, Siemon sold merchandise that cost $60,000 to Piemon for $90,000. Half of this merchandise remained in Piemon's December 31, 20X4 inventory. This inventory was sold in 20X5. During 20X5, Siemon sold merchandise that cost $150,000 to Piemon for $200,000. One-fifth of the 20X5 merchandise inventory remained in Piemon's December 31, 20X5 inventory. Selected income statement information for the two affiliates for the year 20X5 was as follows:

Piemon Siemon

Sales revenue 500,000 400,000

COGS 350,000 250,000

Oper. Exp. 50,000 70,000

Separate income 100,000 80,000

What was the noncontrolling interest share on the consolidated income statement for 20X5?

Select one:

a. $15,500

b. $14,000

c. $16,000

d. $17,000

e. $11,000