Delta Corporation Owns 90% of Sigma Company, and Sigma Owns

Delta Corporation owns 90% of Sigma Company, and Sigma owns 90% of Pi, Inc., all of which are domestic corporations. There are no excess amortizations associated with any of the acquisitions. Information for the three companies for the year ending December 31, 2021 follows: What is Pi's accrual-based net income for 2021?

A) $152,000.
B) $16,000.
C) $192,000.
D) $200,000.
E) $208,000.