Sky Company, the 70%-owned subsidiary of Pulling Corporation had a net income of $160,000 and declared dividends of $60,000 during the fiscal year ended February 28, 2021. Fiscal Year 2021 depreciation and amortization of differences between current fair values and carrying amounts of Sky's identifiable net assets on the date of the business combination was $30,000; and Fiscal Year 2021 impairment of goodwill recognized in the Pulling-Sky business combination was $1,000. The minority interest in net income of Sky for Fiscal Year 2006 was: .a $39,000 .b $ 48,000 $39,700 .d $91,000