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

Exercise 14

Horton, Inc., owns 90 percent of Juvyn Corporation's voting stock.The purchase price exceeded book value and fair value by $80,000.Juvyn holds 20 percent of Horton's voting stock.That purchase price exceeded book value and fair value by $20,000.Any excess price is assigned to copyrights to be amortized over a 20-year period.
During the current year, Horton reported operational income of $160,000 and dividend income from Juvyn of $27,000.At the same time, Juvyn reported operational income of $50,000 and dividend income from Horton of $14,000.
What is the Noncontrolling Interest in Juvyn's Net Income under the treasury stock approach
a.$5,000.
b.$5,400.
c.$6,300.
d.$6,400.