ABC Corporation purchased a 30% interest in XYZ, Inc. for $500,000 On January 2, 2021. XYZ's net assets had a fair value equal to book values except for equipment which had a greater fair value by $100,000. The equipment had a 10-year remaining life. During 2021, XYZ reported net income of $150,000 and paid dividends of $40,000. What is ABCs Equity Income for 2021?