Kaye Company acquired 100% of Fiore Company on January 1, 2018. 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 2018 and paid dividends of $100. 8) Assume the initial value method is applied. How much equity income will Kaye report on its internal accounting records as a result of Fiore's operations?

A) $380 B) $300 C) $400 D) $210 E) $100