Acker Inc. bought 40% of Howell Co. on January 1, 2017 for $576,000. The equity method of accounting was used. The book value and fair value of the net assets of Howell on that date were $1,440,000. Acker began supplying inventory to Howell as follows: Cost to Acker TransferAmount Held by Howell at Year-End $15,000 $55,000 Price 2017 55,000 75,000 2018 70,000 110,000 Howell reported net income of $100,000 in 2017 and $120,000 in 2018 while paying $40,000 in dividends each year. What is Acker's share of the intra-entity inventory gross profit that should be deferred on December 31, 2017? Multiple Choice $1,600 $20,000 $15,000 $8,000