Dye Corporation purchased all of Ventura Company's common stock on January 1, 2017, for $2,000,000 cash. The investee's stockholders' equity amounted to $1,600,000. The excess of $400,000 was due to an unrecorded patent with an eight-year life. In 2017, Ventura reported net income of $320,000 and paid dividends of $50,000. For 2017, what amount of Equity Income will Dye record?

Select one:

A. $220,000

B. $270,000

C. $320,000

D. $370,000