[Solved] On January 1,2007,Servant Company purchased a machine with an expected economic life of five years.On January 1,2009,Servant sold the machine to Master Corporation and recorded the following entry: Master Corporation holds 75 percent of Servant's voting shares.Servant reported net income of $50,000,and Master reported income from its own operations of $100,000 for 2009.There is no change in the estimated economic life of the equipment as a result of the intercorporate transfer. -Based on the preceding information,consolidated net income for 2009 will be: A)$150,000. B)$100,000. C)$148,000. D)$130,000. Tubal Ligation: A surgical procedure for sterilization in which a woman's fallopian tubes are clamped and sealed or severed and sealed, blocking the path of egg cells to the uterus. Homosexual: A term referring to a sexual orientation where individuals are attracted to others of the same sex. Sexuality: Encompasses sex, gender identities and roles, sexual orientation, eroticism, pleasure, intimacy, and reproduction, forming a broad spectrum of human identity and expression. Critical Thinking: The capability to diligently and adeptly formulate, utilize, examine, integrate, and assess data to arrive at a solution or judgment.