Alder Corporation holds 80 percent of Beech, which, in turn, owns 80 percent of Cherry. Operating income figures (excluding investment income) and unrealized upstream gains included in the income for the current year follow:
| Alder | Beech | Cherry |
Operating income | $525,000 | $315,000 | $280,000 |
Unrealized gains | -0- | 19,000 | 50,000 |
What is the noncontrolling interest’s share of consolidated net income?
a. $105,200.
b. $119,000.
c. $142,000.
d. $163,800.
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