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Question 5 Powns 90% of S. During 2020, S sold goods that cost $150,000 to P for $240.000. One-third of these goods remained in Ps

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Question 5 Powns 90% of S. During 2020, S sold goods that cost $150,000 to P for $240.000. One-third of these goods remained in Ps inventory at December 31, 202 Income statements for P and S are summarized below: P S Sales $600,000 Cost of Sales $1,500,000 (900,000) (200,000) $400.000 Operating Expenses Net Income (350,000) (100,000) $150.000 Noncontrolling interest in consolidated net income for 2020 is: O A $10,000 OB. $12,000. OC. $15,000 OD $9,000

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