_____ Use the Information in the Second Preceding Question

_____ Use the information in the second preceding question. Assume that for 2006, the subsidiary reported postacquisition net income of $40,000 and postacquisition dividends declared of $12,000. Also, the parent charged $3,000 of amortization of cost in excess of book value to its Equity in Net Income account in 2006. In the 12/31/06 consolidated balance sheet, the noncontrolling interest under the parent company concept would be reported at

A) $35,000
B) $42,000
C) $47,000
D) $59,000
E) $66,000