Kaye Company acquired 100% of Fiore Company on January 1, 2021. Kaye paid $1,000 excess consideration over book value, which is being amortized at $20 per year. There was no goodwill in the combination. Fiore reported net income of $400 in 2021 and paid dividends of $100. Assume the partial equity method is applied. How much equity income will Kaye report on its internal accounting records as a result of Fiore's operations? Multiple Choice O $400 $300 $380 $280 $480