How to solve

On January $1,20$X$0,$ Mommy Company purchased $75,000$ shares of Kids Company common stock for $$1,480,000,$ giving Mommy $25$ percent and the ability to apply significant influence over Kids. Any excess of cost over book value acquired are attributable solely to goodwill. In $20$X$0$ Kids reported net income of $$820,000$ and declared and paid dividends of $$260,000.$ On July $1,20$X$1,$ Mommy sells $45,000$ shares of this investment for $$25$ per share, thus reducing its interest from $25$ to $10$ percent, thus losing its significant influence. $20$X$1$ Kids' net income was $$600,000$ and dividends $$160,000.$ Assume net income occurred evenly throughout $2021$ and dividends are paid quarterly. Fair value of Kids' stock was $$24$ per share on December $31,20x1.$

What is the impact on $20$X$1$ Mommy's net income due to this investment in Kids?

$$245,000.$

$$203,000.$

$$253,000.$

$$195,000.$