please answer correct

PCO owns a 90% interest in S Co, purchased at a time when the book values of S recorded assets and liabilities were equal to fair values. During 2014, P sold merchandise to Scost 40,000 for $32,000. At December 31. 2014, 75% of this merchandise sold to third party Separate incomes for P&S are summarized as follows: P S Sales 900,000 200.000 Cost of sales 400,000 100.000 500,000 100,000 Gross profit Operating expenses Separate income 200,000 80.000 300.000 20.000 What is amount of income from s reported in Pincome statement ? Select one: O a. 16,200 b. 19,800 c. 18,000 d. 20,000