Shalles Corporation,an 80%-Owned Subsidiary of Pani Corporation,sold Inventory Items to Its

Multiple Choice

Shalles Corporation,an 80%-owned subsidiary of Pani Corporation,sold inventory items to its parent at a $48,000 profit in 2014.Pani resold one-third of this inventory to outside entities.Shalles reported net income of $200,000 for 2014.Noncontrolling interest share of consolidated net income that will appear in the income statement for 2014 is

A) $30,400.
B) $32,000.
C) $33,600.
D) $40,000.