Wood Co. owned 70% of Forest Co. The total annual excess amortization resulting from the acquisition was $1,500. Assume that Forest sold Inventory to Wood in both 2019 and 2020. Those intra-entity sales of inventory have resulted in $20,000 of unrealized gross profit in the beginning of 2020 and $12,500 of unrealized gross profit at the end of 2020. Further assume that Forest reports net income of $90,000 in 2020. Based on the above information, what is the noncontrolling Interest's share In Forest's Income for 2020? $ 24,300 $ 29,250 $ 28,800 $ 26,550 Wood Co. owned 70% of Forest Co. The total annual excess amortization resulting from the acquisition was $1,500. Assume that it is Wood who sold inventory to Forest instead in both 2019 and 2020. Those intra-entity sales of inventory have resulted in $20,000 of unrealized gross profit in the beginning of 2020 and $12,500 of unrealized gross profit at the end of 2020. Further assume that Forest reports net income of $90,000 in 2020. Based on the above information, what is the noncontrolling Interest's share In Forest's Income for 2020? $ 26,550. $ 24,300 $ 29,250. $ 27,000