Arthur Inc. $($Arthur$)$ owns $80\%$ of Haddon Inc. $($Haddon$).$ During $2023,$ Arthur sold inventory to Haddon for $$10,000.$ Half $(50\%)$ of this inventory remained in Haddon's warehouse at year end.Haddon sold inventory to Arthur for $$5,000.40\%$ of this inventory remained in Arthur's warehouse at year end.Both companies are subject to a tax rate of $40\%.$ The gross profit percentage on sales is $20\%$ for both companies. Unless otherwise stated, assume Arthur uses the cost method to account for its investment in Haddon.Assume that Haddon reported an after$-$tax net income of $$20,000$ in $2023,$ what would be Haddon's adjusted net income for the year?Multiple ChoiceA$)$$$15,000$B$)$$$20,000$C$)$$$19,840$D$)$$$19,760$