Problem 6-14 (LO 6-3) Redfield Company reports current earnings of $486,000 while declaring $50,000 in cash dividends. Snedeker Company earns $185,000 in net income and declares $12,500 in dividends. Redfield has held a 70 percent interest in Snedeker for several years, an investment with an acquisition-date excess fair over book value attributable solely to goodwill. Redfield uses the initial value method to account for these shares. points On January 1 of the current year, Snedeker acquired in the open market $59,600 of Redfield's 8 percent bonds. The bonds had originally been issued several years ago for 92, reflecting a 10 percent effective interest rate. On the date of purchase, the carrying amount of the bonds payable was $57,500. Snedeker paid $55,400 based on a 12 percent effective interest rate over the remaining life of the bonds. Print What is the noncontrolling interest's share of consolidated net income? References Multiple Choice $52,380 $55,500. $56,130 $51,750