Pabari Corporation Owns an 80% Interest in Alders Corporation and Alders

Multiple Choice

Pabari Corporation owns an 80% interest in Alders Corporation and Alders owns a 60% interest in Babao Corporation. Both interests were acquired at a cost equal to book value equal to fair value. During 2013, Alders sells land to Babao at a profit of $12,000. Babao still holds the land at December 31, 2013 Net income(loss) of the three companies (excluding investment income) for 2013 are: Controlling interest share of consolidated net income and noncontrolling interest share, respectively, for 2013 are

A) $211,200 and ($1,200) .
B) $211,200 and ($3,600) .
C) $213,600 and ($1,200) .
D) $213,600 and ($3,600) .