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Fatima purchases 3 0 percent of Jonny Company on January 1 , 2 0 2 4 for $ 6 0 0 , 0 0 0

Fatima purchases 30 percent of Jonny Company on January 1,2024 for $600,000. Although Fatima did not use it, this acquisition gave Fatima the ability to apply significant influence to Jonny's operating and financing policies. Jonny reports assets on that date of $1,520,000 with liabilities of $380,000. One building with a six-year remaining life is undervalued on Jonny's books by $640,000. Also, Jonny's book value for its trademark (10-year remaining life) is undervalued by $220,000. During the year, Jonny reports net income of $250,000 while declaring dividends of $60,000. What is the equity income in Jonny to be reported by Fatima in 2024? $52,400 $36,400 $75,200 O $18,600

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