On January 1, 2021 Happy acquires 60% of Sad. At acquisition date, the book value of all of Sad's assets and liabilities equaled their fair value with the exception of Equipment (20 year remaining...

Extracted text: On January 1, 2021 Happy acquires 60% of Sad. At acquisition date, the book value of all of Sad's assets and liabilities equaled their fair value with the exception of Equipment (20 year remaining life) that had a book value of $300,000 and a fair value of $900,000. For full year 2021, Happy had net income of $400,000 and Sad has net income of $100,000. How much is the noncontrolling interest in Sad's net income for 2021 ? $148,000 $28,000 O$30,000 $70,000