River Co. owned 80% of Boat Inc. The two companies filed a consolidated Income tax return and River used initial value method to account for the investment. The following information was available from the two companies' financial statements; Operating income included net unrealized parts, which are associated with transfers of inventories between the two The Income tax into was 30%. What was the amount of income tax expense that should hove boon assigned to Boot using the separate return method? $36.000 $31.600 $33.390 $32.750 $32.660