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Loeffler Company owns 35% of the common stock of Tetter Co. and uses the equity method to account for the investment During 2021, Tetter reported

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Loeffler Company owns 35% of the common stock of Tetter Co. and uses the equity method to account for the investment During 2021, Tetter reported income of $260,000 and paid dividends of $90,000. There is no amortization associated with the investment During 2021, how much income should Loeffler recognize related to this investment? Multiple Choice $90.000 $91.000 $122.500

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