Sun Corporation acquired an 90% interest in Moon Corporation on January 1, 2018, when the book values of Moon's assets and liabilities were equal to their fair values. The cost of the 75% interest was equal to 90% of the book value of Moon's net assets. During 2018, Sun sold merchandise that cost $75,000 to Shenley for $90,000. On December 31, 2018, three-fourths of the merchandise acquired from Sun remained in Moon's inventory. Separate incomes (investment income not included) of the two companies are as follows: Sun Moon Sales Revenue $180,000 $160,000 Cost of Goods Sold 120,000 90,000 Operating Expenses 17,000 21,000 Separate incomes $ 43,000 $ 49,000 What is Pouch's income from Shenley for 2018? A) $27,200 B) $29,600 C) $32,350 D) $32,850