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

Akers 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 2014?

a. $84,000

b. $82,560

c. $83,568

d. $74,400