Requlred Information

$[$The following information applies to the questions displayed below.$]$

Apple Corporation acquires $80$ percent of Berry Corporation's common shares on January $1,20$X$2.$ On

January $2,20$x$2,$ Berry acquires $60$ percent of Coco Corporation's common stock. Information on company

book values on the date of purchase and operating results for $202$ is as follows:

The fair values of the noncontrolling interests of Berry and Coco at the dates of acquisition were $$60,000$ and

$$80,000,$ respectively.

Required:

Select the correct answer for each of the following questions.

The amount of income assigned to the noncontrolling interest in the $202$ consolidated income statement is:

Multiple Choice

$$22,000.$

$$46,000.$

$$42,000.$

$$20,000.$