Accounting consolidation - please explain

Thompson Company spent $240,000 to acquire all of Lake Corporations stock on January 1, 20X2. On December 31, 20X4, the trial balances of the two companies were as follows:

	Thompson		Lake
Item	Debit	Credit	Debit	Credit
Cash	74		42
Accounts Receivable	130		53
land	60		50
buildings/equipment	500		350
investment in lake co stock	268
cost of goods	470		130
depreciation expense	35		18
other expenses	57		60
dividends declared	30		12
accum depreciation		265		93
accounts payable		71		17
taxes payable		58		60
notes payable		100		85
common stock		200		100
retained earnings		292		120
service revenue		610		240
income from subsidiary		28
Total	1624	1624	715	715

Lake Corporation reported retained earnings of $100,000 at the date of acquisition. The difference between the acquisition price and underlying book value is assigned to buildings and equipment with a remaining economic life of 10 years from the date of acquisition. Lakes accumulated depreciation on the acquisition date was $25,000. At December 31, 20X4, Lake owed Thompson $2,500.

Give journal entry to record Thompson Co.'s 100% share of Lake Corp.'s 20X4 income

I know the answer is

Investment in Lake Corp 32

Income from Lake Corp 32

I don't know where 32 comes from. The listed income is 28. If someone could explain, that would be great.