Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,150 and $165,800 at December 31, 2023, and December 31, 2024, respectively. During 2024 Clor recognized $75,800 of net income and paid dividends of $20,450. Assuming that Bloomfield owned the same percentage of Clor throughout 2024, its percentage ownership must have been:

Note: Round your answer to the nearest whole percent.

Multiple Choice

28%.

77%.

21%.

26%.