Use the following information to answer the question(s) below. On December 31, 2019. Pita Corporation owns an 80% interest in the common stock of Santa Corporation and an 80% interest in Santa's preferred stock On December 31, 2013, Santa's stockholders equity was as follows: 10%, preferred stock, cumulative. $10 par value $50,000 Common stock 350,000 Retained earnings 100.000 Total stockholders' equity $500,000 On December 31, 2019, preferred dividends are in arrears. Santa had 2020 net income of $30,000 and only preferred dividends declared and paid in 2020. There no book value fair value differentials associated with Pita's investments. 1. How much should the Pita's Investment in Santa's Common Stock, change during 2020? A. $16,000 B. $20,000 C. $25,000 D. $30,000 2. What should be the noncontrolling interest share, common in the consolidated financial statements of Pita for the year ending December 31, 2020? A. $1,000 B. $4.000 C. $5,000 D. $6,000 3. What should be the noncontrolling interest share, preferred in the consolidated financial statements of Pita for the year ending December 31, 2020? A. $1,000 B. $2,000 C. $4,000 D. $5,000 4. A parent acquires all of a subsidiary's common stock and 60 percent of its preferred stock. The preferred stock has a cumulative dividend. No dividends are in arrears. How is the noncontrolling interest in the subsidiary's net income assigned? A. The noncontrolling interest in consolidated net income assigned as 40 percent of the value of the preferred stock, based on an allocation between common stock and preferred stock. B. There is no allocation to the noncontrolling interest because the parent owns 100% of the common stock and net income belongs to the controlling interest. C. The noncontrolling interest in consolidated net income assigned as 40 percent of the preferred stock dividends. D. The noncontrolling interest in consolidated net income assigned as 40 percent of the subsidiary's income before preferred stock dividends