Question 8 10 points Saved P Corporation acquired an 70% interest in S Corporation two years ago at an implied value equal to the book value ors onJanuary2. 2014, S sold equipment with a five-year remaining life to P for a gain of $180,000. S reports net income of $900,000 for 2014 and pays dividends of $300,000. P's Equity from Subsidiary Income for 2014 is: o A 5604,800. O B. $529,200. O C. $504.000. OD. $720,000