Ret 7 Assignment Jay Inc. owns 80% of Tesla Inc and uses the cost method to account for its investment The 2020 income statements of both companies ar shown below. Jay $100.000 $30 000 Tesla $50.000 $20,000 Gross Profit Miscellaneous Revenues/Losses Depreciation Expense Income Tax Expense Net Income osses $20,000 $20,000 $20.000 56000 $9.000 On January 1 2020, Tesla sold equipment to Jay at a profit of 53.000. The equipment had a remaining useful life of twenty years on that dale Both companies are subject to an effective tax rate of 4095 The amount of non-controlling interest in Jay's 2020 Consolidated Net Income would be Multiple Choice Multiple Choice