Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 34

Hardwood, Inc., holds a 90 percent interest in Pittstoni Company.During 2010, Pittstoni sold inventory costing $77,000 to Hardwood for $110,000.Of this inventory, $40,000 worth was not sold to outsiders until 2011.During 2011, Pittstoni sold inventory costing $72,000 to Hardwood for $120,000.A total of $50,000 of this inventory was not sold to outsiders until 2012.In 2011, Hardwood reported net income of $150,000 while Pittstoni earned $90,000 after excess amortizations.What is the noncontrolling interest in the 2011 income of the subsidiary a.$8,000.
B)$8,200.
C)$9,000.
D)$9,800.