Decker Company assigns some of its patents to other enterprises under a variety of licensing agreements. In some instances advance royalties are received when the agreements are signed, and in others, royalties are remitted within sixty days after each license year-end. The following data are included in Decker's December 31 balance sheet: During 2016 Decker received royalty remittances of $200,000. In its income statement for the year ended December 31, 2016, Decker should report royalty income of: a) $195,000 b) $235,000 c) $220,000 d) $205,000 e) $165,000