Akers Company, a 100% owned subsidiary of Muhs Corporation, sells inventory to Muhs at a 30% profit on selling price. The following data are available pertaining to inter-company purchases by Muhs:

Inter-company sales:

Unsold at year end based on selling price:

2014:	$ 9,600		2014:	$1,440
2015:	$14,400		2015:	$4,800
2016:	$18,000		2016:	$3,600

Aker's profit numbers were $84,000, $102,000 and $112,800 for 2014, 2015, and 2016, respectively. Muhs received dividends from Akers of $12,000 for 2014 and 2015, and $18,000 for 2016. What is the balance in Equity Income for 2016?