Redfield Company reports current earnings of $454,000 while declaring $20,000 in cash dividends. Snedeker Company earns $166,000 in net income and declares $5,000 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 $63,000 of Redfields 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 $59,900. Snedeker paid $56,800 based on a 12 percent effective interest rate over the remaining life of the bonds.

What is the noncontrolling interests share of consolidated net income?

• $49,800.

• $50,730.

• $49,230.

• $48,300.