Question 54 (3 points) P Co. acquired 70% of the voting common stock of S Corp. on 01/01/Y1. During Y1 S had revenues of $2,500,000 and expenses of $2,000,000. The amortization of excess cost allocations totaled $60,000 in Y1. The non-controlling interest's share of the earnings of S Corp. is $168,000 O $0. $132,000. $150,000 O $160,000