Assume an investee has the following financial statement information for the three years ending December 31, 2013: (At December 31) Current assets 2011 2012 2013 $414,000 $555,400 $570,940 Tangible fixed assets Intangible assets 100,000 1,126,000 1,148,600 1,323,460 80,000 90,000 Total assets $1,640,000 $1,794,000 $1,974,400 Current liabilities Noncurrent liabilities Common stock Additional paid-in capital Retained earnings $200,000 $220,000 $242,000 440,000 484,000 532,400 200,000 200,000 200,000 200,000 200,000 200,000 600,000 690,000 800,000 Total liabilities and equity $1,640,000 $1,794,000 $1,974,400 (At December 31) Revenues Expenses Net income 2011 2012 $1,700,000 $1,840,000 $1,940,000 1,550,000 1,680,000 1,752,000 $150,000 $160,000 $188,000 2013 Dividends $50,000 $70,000 $78,000 Review of pre-consolidation equity method (controlling investment in affiliate, fair value equals book value) Assume that on January 1, 2011, an investor company purchased 100% of the outstanding voting common stock of the investee. On the date of the acquisition, the investee's identifiable net assets had fair values that approximated their historical book values. In addition, the acquisition resulted in no goodwill or bargain purchase gain recognized in the consolidated financial statements of the investor company. Assuming that the investor company uses the equity method to account for its investment in the investee, what is the balance in the "income from investee" account in the investor company's preconsolidation income statement for the year ended December 31, 2013? O$78,000 O$110,000 $188,000 O$150,000