Nick Inc. bought $30\%$ of Jenn Co$.$ on January $2,2021,$ for $$450,000.$ The equity method of accounting was used. The book value and fair value of net assets of Jenn on that date were $$1,500,000.$ Jenn began supplying inventory to Nick Inc. as follows:

Year Cost to Jenn Transfer Price Amount Held by Nick at Year$-$End

$\backslash$table$[[2021$$$30,000,$$$45,000,$$$,9,000],[2022$$$48,000,$$$80,000,$$$,20,000]]$

Jenn reported a net income of $$100,000$ in $2021$ and $$120,000$ in $2022$ while paying $$40,000$ in dividends each year.

What is the Equity in Jenn Income that should be reported by Nick in $2022?$

$$34,200.$

$$34,800.$

$$34,500.$

$$36,000.$

$$37,800$