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Clark Corp. owned 75% of the voting common stock of Andrew Co. On January 3,...

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Accounting

Clark Corp. owned 75% of the voting common stock of Andrew Co. On January 3, 2020, Andrew sold a parcel of land to Clark. The land had a book value of $36,000 and was sold to Clark for $55,000. Andrews reported net income for 2020 was $125,000. Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what is net income attributable to the noncontrolling interest?

Select one:

a. $26,750.

b. $35,750.

c. $26,500.

d. $16,750.

e. $27,750.

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