8 ut of n On January 1, 2021, Archer, Incorporated, paid $100,000 for a 30% interest in Harley Corporation. This investee had assets with a book value of $550,000 and liabilities of $300,000. A patent held by Harley having a book value of $10,000 was actually worth $25,000 with a five-year remaining life. Any goodwill associated with this acquisition is considered to have an indefinite life. During 2021, Harley reported net income of $28,000 and paid dividends of $8,000 while in 2022 it reported net income of $54,000 and dividends of $9,000. Assume Archer has the ability to significantly influence the operations of Harley. The equity in income of Harley for 2021, is Fir Select one: a $6,000 b. 58,400 $7,500 d. $13,500. $14,000