Prairie Corporation is a primary beneficiary for Vintage Company, a variable interest entity. When Prairie obtained financial control over Vintage, any excess fair value over Prairie’s book value was...

Prairie Corporation is a primary beneficiary for Vintage Company, a variable interest entity. When Prairie obtained financial control over Vintage, any excess fair value over Prairie’s book value was attributed solely to goodwill. Prairie owns 15 percent of Vintage Company’s common stock and participation rights that entitle it to an additional 40 percent of Vintage’s net income. In the current year Prairie reports $400,000 of net income before consideration of its investment in Vintage. Vintage Company reports net income of $100,000. What amount of consolidated net income is attributable to the noncontrolling interest?
a. $15,000
b. $45,000
c. $60,000
d. $85,000