Question $1$

$(0)/(2)$ pts

On January $1,20$X$0,$ Peace, Inc., acquired $70$ percent

of Silver's outstanding voting stock. No excess fair$-$

value amortization resulted from the acquisition.

On January $1,20$X$0,$ Silver sold equipment to Peace

for $$20,000.$ This asset originally cost $$32,000$ but

had a January $1,20$X$0,$ book value of $$16,000.$ At the

time of transfer, the equipment's remaining life was

estimated to be four years. Silver reported net

income of $$150,000$ for year $20$X$0.$ What is the

noncontrolling interest in the $20$X$0$ income of the

subsidiary?

$$42,800.$

$$43,800.$

$$44,100.$

$$42,000.$