P Company owns an 80% interest in S Company.During 2017,S sells merchandise to P for $200,000 at a profit of $40,000.On December 31,2017,50% 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 2017 is:
Definitions:
Gastroenterologist
A gastroenterologist is a medical doctor who specializes in the diagnosis and treatment of disorders of the gastrointestinal tract.
Abdominal Cramping
Painful sensations caused by involuntary contractions of the muscles in the stomach region.
Diarrhea
A condition characterized by the frequent passage of loose, watery stools, which can result in dehydration.
Emergency Medical Technician
A healthcare professional trained to provide emergency medical services to those in need, often the first to respond to emergency situations.
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