Band Inc. has owned 80% of the voting common shares of Parrot Corporation for several years. Band uses the cost method to account for its investment in Parrot in its separate entity records. Two years ago, Parrot sold land to Band, for $375,000, which Parrot had purchased from an unrelated party for $125,000. In 2026, Band sold the land to an unrelated entity for $450,000. For the year ending December 31, 2026, Band and Parrot had separate entity net income of $600,000 and $350,000, respectively. Both companies pay tax at a rate of 20%.What amount represents consolidated net income attributable to NCI for the year ending December 31, 2026?
A. $30,000
B. $230,000
C. $110,000
D. $120,000