s Corporation, an 80%-owned subsidiary of P Corporation, sold inventory items to its parent at a $48,000 profit in 2014. P resold one-third of this inventory to outside entities. S reported net income of $200,000 for 2014. Noncontrolling interest share of consolidated net income that will appear in the income statement for 2014 is Select one: a. $33,600 b. $40,000 C. $30,400 d. $32,000