McKinley Company owns 15,000 of the 50,000 outstanding shares of Ranier Corporation common stock but cannot exert significant influence over Ranier. During 2009, Ranier earns $350,000 and pays cash dividends of $140,000. Indicate the effect on McKinley's 2009 Net Income:

Select one:

a. $63,000

b. $700,000

c. $105,000

d. $147,000

e. $42,000