Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,200 and $165,400 at December 31, 2017 and 2018, respectively. During 2018 Clor recognized $75,800 of net income and paid dividends of $20,000. Assuming that Bloomfield owned the same percentage of Clor throughout 2018, their percentage ownership must have been (Round your answer to the nearest whole percent):

Multiple Choice

• 27%.

• 25%.

• 76%.

• 20%.