QUESTION $7$

Q$7.$ Peta Corporation and its subsidiary reported consolidated net income of $$320,000$ for the year ended December $31,20$X$4.$ Peta owns $80$ percent of the common shares of its subsidiary, acquired at book value. Noncontrolling interest was assigned income of $$30,000$ in the consolidated income statement for $20x4.$ What is the amount of separate operating income reported by Peta for the year?

A$.$ $$170,000$

B$.$ $$150,000$

C$.$ $$120,000$

D$.$ $$200,000$