Use the following information for Questions 17 & 18:
P Company owns an 80% interest in S Company.During 2014, S sells merchandise to P for $200,000 at a profit of $40,000.On December 31, 2014, 50% of this merchandise is included in P's inventory.Income statements for P and S are summarized below: 
-Controlling interest in consolidated net income for 2014 is:
Definitions:
Liquidity
The ease with which an asset can be converted into cash without affecting its market price.
Investment Banks
Financial institutions that act as intermediaries in the issuance of new securities and provide various financial services, including underwriting and mergers and acquisitions.
Housing Market
The supply and demand for houses, reflected in house prices and rent, and the transaction activity in residential property.
Leverage Ratios
The ratio of loans and other investments to the firm’s capital assets.
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