Assume an investee has the following financial statement information for the three years ending December 31, 2013: (At December 31) 2011 2012 2013 Current assets $207,000 $277,700 $285,470 Tangible fixed assets 563.000 574,300 661,730 7/ 2004 CA ra Intangible assets 50,000 45,000 40,000 - . .......... Total assets $820,000 $897,000 $987,200 Current liabilities $100,000 $110,000 $121,000 20. ve Noncurrent liabilities 220,000 242,000 266,200 Common stock 100,00 100,000 100,000) Additional paid in capital 100,000 100,00D 100,000 Retained earnings 300,000 345,000 400,000 Total liabilities and equity $820,000 $897,000 $987,200 (At December 31) Revenues Expenses Net income Dividends 2011 2012 2013 $850,000 $920,000 $970,000 775,000 840,000 876,000 $75,000 $80,000 $94,000 $25,000 $35,000 $39,000 Review of pre-consolidation equity method (controlling investment in affiliate, fair value differs from 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, except for tangible fixed assets, which had fair value that was $100,000 higher than the investee's recorded book value. The tangible fixed assets had a remaining useful life of 10 years. In addition, the acquisition resulted in goodwill in the amount of $200,000 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 pre-consolidation income statement for the year ended December 31, 2013? $45,000 $55,000 $84,000 $94,000