Thomson Corporation owns 70 percent of the outstanding stock of Stayer, Incorporated. On January 1, 2019, Thomson acquired a building with a 10 -year life for $482,000. Thomson depreciated the building on the straight-line basis assuming no salvage value. On January 1,2021 , Thomson sold this building to Stayer for $438,400. At that time, the building had a remaining life of eight years but still no expected salvage value. In preparing financial statements for 2021 , how does this transfer affect the computation of consolidated net income? Multiple Choice Net income is reduced by $48,440. Net income is reduced by $59,400. Net income is reduced by $52,800. Net income is reduced by $46,200