Martin, Inc., owns $40$ percent of the outstanding stock of Lucy Company and has the ability to significantly influence the investee's operations and decision making. On January $1,2024,$ the balance in the Investment in Lucy account is $$380,000.$ Amortization of excess fair value associated with the $40\%$ ownership is $$11,000$ per year. In $2024,$ Lucy earns an income of $$160,000$ and declares cash dividends of $$50,000.$ Previously, in $2023,$ Lucy had sold inventory costing $$35,000$ to Martin for $$50,000.$ Martin still had $$14,000$ left at the end of $2023$ and used the rest during $2024.$ Lucy sold additional inventory costing $$60,000$ to Martin for $$80,000$ in $2024.$ Martin did not consume $$30,000$ of these $2024$ purchases from Lucy until $2025.$ What amount of equity method income would Martin recognize in $2024$ from its ownership interest in Lucy? rom its ownership interest in Lucy? areteo $$ $$52,745$ $$23,000$ O $$54,320$ $$51,680$