Sleepy Company, a 70%-Owned Subsidiary of Pickle Corporation, Reported Net

Multiple Choice

Sleepy Company, a 70%-owned subsidiary of Pickle Corporation, reported net income of $600,000 and paid dividends totaling $225,000 during Year 3. Year 3 amortization of differences between current fair values and carrying amounts of Sleepy's identifiable net assets at the date of the business combination was $112,500. The noncontrolling interest in consolidated net income of Sleepy for Year 3 was:

A) $146,250.
B) $33,750.
C) $67,500.
D) $180,000.