On January $1,20$X$5,$ Spring Company purchased a machine with an expected economic life of ten years. On January $1,20$X$8,$ Spring sold the machine to Peterson Corporation and recorded

the following entry:

Peterson Corporation holds $80$ percent of Spring's voting shares. Spring reported net income of $$200,000,$ and Peterson reported income from its own operations of $$380,000$ for $208.$

There is no change in the estimated economic life of the equipment as a result of the intercorporate transfer. Based on the preceding information, income assigned to the noncontrolling

interest in the $208$ consolidated income statement will be:

$$40,000.$

$$28,000.$

$$32,000.$

$$140,000.$