Fullerton Purchases 40 percent of James Company on January 1, 2021 for $628,000. Although Fullerton did not use it. This acquisition gave Fullerton the ability to apply significant influence to Jame's operating and financing policies. James reports assets on that date of $1,548,000 with liabilities of $574,000. One building with a seven-year remaing life is undervalued on James's books by $213,500. Also, James's book value for its trademark (10-year remaing life) is undervalued by $382,500. During the year, James reports net income of $188,000 while declaring dividends $130,000. What is the equity income in James to be reported by Fullerton in 2021