On August $31,$ Year $6,$ Plow Inc. purchased $75$ percent of the outstanding common shares of Share Inc. for $$750,000.$ On January $1,$ Year $6,$ Share had common shares of $$500,000$ and retained earnings of $$240,000.$ At the date of acquisition, plant and equipment on Share$$s books was undervalued by $$40,000.$ This plant had a remaining useful life of five years. The balance of the acquisition differential was allocated to unrecorded trademarks of Share to be amortized over a $10-$year period. Share$$s net income for Year $6$ was $$90,000,$ earned evenly throughout the year. On December $15,$ Year $6,$ Share declared and paid dividends of $$10,000.$

On December $31,$ Year $6,$ Plow sold $20$ percent of its $75$ percent interest in Share for $$160,000.$

How will the gain or loss from partial disposition of ownership in Share be presented on Plow$$s consolidated financial statements on December $31,$ Year $6?$

Multiple Choice

It will appear on the consolidated income statement.

It will appear as a direct charge or credit to owners$$ equity on the consolidated balance sheet.

It will not appear on the consolidated financial statements.

It will appear in the notes only.