Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,950 and $165,900 at December 31, 2020, and December 31, 2021, respectively. During 2021 Clor recognized $75,300 of net income and paid dividends of $20,650. Assuming that Bloomfield owned the same percentage of Clor throughout 2021, its percentage ownership must have been: (Round your answer to the nearest whole percent):

Multiple Choice

• 20%.

• 72%.

• 25%.

• 27%.