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Provided are the consolidated trial balances of a parent and its less-than-wholly-owned subsidiary. Account Dr (Cr) Current assets $ 4,000 Property, net 95,000 Intangible assets,

Provided are the consolidated trial balances of a parent and its less-than-wholly-owned subsidiary.

Account

Dr (Cr)

Current assets

$ 4,000

Property, net

95,000

Intangible assets, net

15,000

Goodwill

100,000

Liabilities

(180,140)

Capital stock

(10,000)

Retained earnings, beginning

(16,000)

Accumulated other comprehensive income, beginning

(500)

Noncontrolling interest

(2,000)

Dividends

500

Sales revenue

(390,000)

Cost of sales and operating expenses

385,000

Other comprehensive income

(1,000)

Noncontrolling interest in net income

150

Noncontrolling interest in other comprehensive loss

(10)

Total

$ 0

On the consolidated statement of income and comprehensive income, consolidated net income for the year is:

A.

$5,150

B.

$4,850

C.

$5,000

D.

$6,000

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