Gardner Corporation holds 80 percent of Healthstone, which, in turn, owns 80 percent of Icede. Operational income figures (without investment income) as well as unrealized upstream gains included in the income for the current year follow:
|
Gardner |
Healthstone |
Icede |
|
|
Operational income |
$400,000 |
$300,000 |
$220,000 |
|
Unrealized gains |
50,000 |
30,000 |
60,000 |
What balance does the consolidated income statement for the year report for the noncontrolling interest in the subsidiaries’ income?
a. $86,000.
b. $100,000.
c. $111,600.
d. $120,800.