A company has 15% ownership of a corporation and adopts the fair value method in its recognition for this investment. the investee reported net income of $110,000 for 2021 and paid dividends of $60,000 on November 1, 2021 how much equity income should the company recognized in the investment in 2021

a. 16,500

b. 9,000

c. 25,500

d. 7,500