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Question 2015 points) On January 1, 2017, Snape Incorporated purchased 35% of the outstanding common shares of the Lumos Company for $70,000. At the time of investment, Lumos Company's net assets were $200,000. During 2017, Lumos Company earned $80,000 and declared a dividend of $40,000. Snape accounted for the investment under the equity method. a Ramsey's share of Vapor's income for 2017 is: $28,000 $14,000 $42,000