Delta corporation owns 90 percent of sigma company, and sigma owns 90 percent of pi, inc., all of which are domestic corporations. there are no excess amortizations associated with any of the acquisitions. information for the three companies for the year ending december 31, 2018 follows:
delta sigma pi
separate company net income $ 600,000 $ 400,000 $ 200,000
intra-entity gross profits on
transfers of inventory which 24,000 0 8,000
remain with the buyer at the reporting
date and are included in
operating income above
required :
what is the total net income attributable to the noncontrolling interest for 2018?