River Co. owned 80% of Boat Inc. The two companies filed a consolidated income tax return and River used the initial value method to account for the investment. The following information was available from the two companies' financial statements: River Co. Boat Inc. Operating income 600,000 120,000 Net unrealized gains 50,000 15,000 Dividends paid 110,000 30,000 Operating income included net unrealized gains, which are associated with transfers of inventories between the two companies, but it did not include dividends received from a subsidiary. The income tax rate was 30%. What was the non-controlling interest in Boat Inc.'s net income, assuming that the separate return method was used? $14,450 $14,700 $16,800 $17,450