What was the non-controlling interest share on the consolidated income statement for 20X5?

Select one:

a.

$10,000

b.

$12,000

c.

$14,000

d.

$8,000

e.

$9,000

Peanut Butter Company routinely receives goods from its 80%-owned subsidiary, Sinnamon Corporation. In 20X4, Sinnamon sold merchandise that cost $70,000 to Peanut Butter for $90,000. Half of this merchandise remained in Peanut Butter's December 31, 20X4 inventory. This inventory was sold in 20X5. During 20X5, Sinnamon sold merchandise that cost $150,000 to Peanut Butter for $210,000. One-third of the 20x5 merchandise inventory remained in Peanut Butter's December 31, 20X5 inventory. Selected income statement information for the two affiliates for the year 20X5 was as follows: Sales Revenue Cost of Goods Sold Other Expenses Separate Net Incomes Peanut Butter $500,000 350,000 50,000 $100,000 Sinnamon $400,000 260,000 70,000 $70,000