Lorn corporation purchased inventory from dresser corporation for $120,000 on september 20, 20x1, and resold 80 percent of the inventory to unaffiliated companies prior to december 31, 20x1, for $140,000. dresser produced the inventory sold to lorn for $75,000. lorn owns 70 percent of dresser’s voting common stock. the companies had no other transactions during 20x1. 3. what amount of consolidated net income will be assigned to the controlling interest for 20x1?