During the first year $(2023)$ of the business combina Time left $0$:$16$:$48$

Plural's management concluded at December $31,2023,$ that goodwill involved in its acquisition of Single's shares had been impaired and the impairment loss on goodwill amounted to $$5,000.$

Single reported net income of $$100,000$ and paid dividends of $$40,000.$

The annual depreciation expense for Plural & Single amounted $$120,000$ and $$55,000$ respectively. Building & Equipment are depreciated on a $10-$year basis.

Based on the above information, determine the amount of Income from Subsidiary that will appear on the consolidated income statement for the year ended December $31,2023.$

$($When writing your answer, do not use commas $(,)$ or the dollar sign $($ $ $).$ For example, if your answer is $$100,000$ write it as $100000$