P Company owns an 80% interest in S Company.During 2017,S sells merchandise to P for $150,000 at a profit of $30,000.On December 31,2017,50% of this merchandise is included in P's inventory.Income statements for P and S are summarized below: 
Noncontrolling interest in income for 2017 is:
Definitions:
Equity Method
An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the investor's share of the investee's net income or loss.
Investee Earnings
The portion of income attributable to an investor from its investment in an associated company.
Cash Dividends
Payments made by a corporation to its shareholders from the company's profits.
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