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LaFevor Co. acquired 70% of the common stock of Dean Corp. on September 1, 2021....

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Accounting

LaFevor Co. acquired 70% of the common stock of Dean Corp. on September 1, 2021. For 2021, Dean reported revenues of $960,000 and expenses of $780,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $30,000. LaFevor's fiscal year ends every December 31.

What is the amount of the noncontrolling interest's share of Deans income for 2021?

Select one:

a. $12,500.

b. $45,000.

c. $18,000.

d. $15,000.

e. $30,000.

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