On January 1 20X8 Parent Company acquired 90 percent ownership of Subsidiary C

On January 1 20X8 Parent Company acquired 90 percent ownership of Subsidiary Corporation at underlying book value. The fair value of the noncontrolling
interest at the date of acquisition was equal to 10 percent of the book value of Subsidiary Corporation. On Mar 17 20X8 Subsidiary purchased inventory from
Parent for $90000. Subsidiary sold the entire inventory to an unaffiliated company for $120000 on November 21 20X8. Parent had produced the inventory sold
to Subsidiary for $62000. The companies had no other transactions during 20X8. Based on the information given what amount of sales will be reported in the
20X8 consolidated income statement?
$62000
$120000
$90000
$58000