Alex. Inci, buys 40 petcent of Steinbart Company on January 1, 2020, for $1.212.000. The equity method of accounting is to be used. Steinbart's net assets on that datewere $2.90 million. Any excess of cost over book value is attribotable to a trade name with a 20 -year remaining life. Steinbart immediately begins supplying liventory to Alex as follows: Inventory tweld at the end of one year by Alex is sold at the beginning of the next. Steinbart reports net income of $101.500 in 2020 and $135,000 in 2021 and dedares $30,000 in dividends each year. What is the equily income in $ einhart to be reported by Aex in 2021? Multiple Cholce $46,028. $65,148 $50.448. $60.648