Goodwill recognized in the acquisition was unimpaired in 2023 but became fully impaired during 2024. The subsidiary did not declare any dividends during this period and reported no other comprehensive income. The subsidiary reported net income as follows: The parent uses the complete equity method to report its investment on its own books. Equity in net income for 2024, reported on the parent's books, is: Select one: a. $1,200 b. $2,200 C. $4,000 d. $1,000