Redfield Company reports current earnings of $452,000 while declaring $26,000 in cash dividends. Snedeker Company earns $158,000 in net income and declares $6,500 in dividends. Redfield has held a 70 percent interest in Snedeker for several years, an investment with an acquisition-date excess fair over book value attributable solely to goodwill. Redfield uses the initial value method to account for these shares. On January 1 of the current year, Snedeker acquired in the open market $55,600 of Redfield's 8 percent bonds. The bonds had originally been issued several years ago for 92, reflecting a 10 percent effective interest rate. On the date of purchase, the carrying amount of the bonds payable was $53,700. Snedeker paid $51,800 based on a 12 percent effective interest rate over the remaining life of the bonds. What is the noncontrolling interest's share of consolidated net income? Multiple Choice $46,020 $47400 $47,970. $45,450