Pepin Company Owns 75% of Savin Corp

Multiple Choice

Pepin Company owns 75% of Savin Corp.Savin's net income in the current year was $60,000.Savin also has 10,000 shares of 4% cumulative preferred $10 par value stock outstanding.When Pepin purchased Savin, the excess purchase price of $50,000 was attributable to a patent having a life of 10 years.How much income is attributable to the controlling interest?

A) ​$45,000
B) ​$41,250
C) ​$37,250
D) ​$38,250