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
Intangible assets	50,000	45,000	40,000
Total assets	$820,000	$897,000	$987,200
Current liabilities	$100,000	$110,000	$121,000
Noncurrent liabilities	220,000	242,000	266,200
Common stock	100,000	100,000	100,000
Additional paid-in capital	100,000	100,000	100,000
Retained earnings	300,000	345,000	400,000
Total liabilities and equity	$820,000	$897,000	$987,200

(At December 31)	2011	2012	2013
Revenues	$850,000	$920,000	$970,000
Expenses	775,000	840,000	876,000
Net income	$75,000	$80,000	$94,000
Dividends	$25,000	$35,000	$39,000

Review of pre-consolidation cost 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 investees 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 cost method to account for its investment in the investee, what is the balance in the income from investee account in the investor companys preconsolidation income statement for the year ended December 31, 2013?

$39,000

$55,000

$75,000

$94,000