Question 3 10 points Saved p Corporation acquired an 80% interest in S Corporation two years ago at an implied value equal to the book value otsonJanuaryz. 2014, 5 sold equipment with a five-year remaining life to P for a gain of $140,000. S reports net income of $600,000 for 2014 and pays dividends of $200,000. P's Equity from Subsidiary Income for 2014 is OA. $368,000. 8. $460,000. e C. $403.200. D. $390,400