Alex, Inc, buys 30 percent of Steinbart Company on January 1, 2014, for $1,128,000. The equity method of accounting is to be used. Steinbart's net assets on that date were $3.60 million. Any excess of cost over book value is attributable to a trade name with a 20-year remaining life. Steinbart immediately begins supplying inventory to Alex as follows Amount Held by Alex at Year-End Cost to Year Steinbart Transfer Price (at Transfer Price) 2014 $160,800$240,000 2015 112,860 $60,000 57,700 188,100 Inventory held at the end of one year by Alex is sold at the beginning of the next Steinbart reports net income of $80,000 in 2014 and $115,600 in 2015 and declares 530.000 in dividends each year. What is the equity income in Steinbart to be reported by Alex in 2015