Loeffler Company owns 25% of the common stock of Tetter Co. and uses the equity method to account for the investment. During 2021, Tetter reported income of $240,000 and paid dividends of $45,000. There is no amortization associated with the investment. During 2021, how much income should Loeffler recognize related to this investment? Select one: a. $91,000. b. $195,000 C. $48,750. d. $60,000 e. 559,500