(Answered) Question - bauerly co owned 70 of the voting common stock

Accounting

Question - Bauerly Co. owned 70% of the voting common stock of Devin Co. During 2010, Devin made frequent sales of inventory to Bauerly. There were unrealized gains of $40,000 in the beginning inventory, and $25,000 at the end of the year. Devin reported net income of $137,000 for 2010. Bauerly decided to use the equity method to account for the investment. What is the noncontrolling interest's share of Devin's net income for 2010?

A. $41,100.

B. $33,600.

C. $21,600.

D. $45,600.

E. $36,600.

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