NOTE: Please use the following facts to answer Questions 13 through 16. Peregrine International owns 100 percent of Segal Inc. On the date of acquisition, the excess of acquisition cost over book value was attributed entirely to previously unrecorded identifiable intangibles (5-year life) of $2,500K. These intangibles are still being amortized in 2023 . For 2023 , Segal reported net income of $2,900K and paid dividends of $290K. The following information is available regarding intercompany transactions: - During 2023, Segal sold Peregrine services of $400K. Pregrine still owes Segal $100K for those services at December 31, 2023. - Peregrine's ending inventory at December 31, 2022 included merchandise acquired from Segal: the unconfirmed profit on this inventory was $94K. - Peregrine's ending inventory at December 31, 2023 included merchandise acquired from Segal: the unconfirmed profit on this inventory was $191K. - Segal's ending inventory at December 31, 2022 included merchandise acquired from Peregrine: the unconfirmed profit on this inventory was $211K. - Segal's ending inventory at December 31, 2023 included merchandise acquired from Peregrine: the unconfirmed profit on this inventory was $129K. Question 12 0.5pt What is Peregrine's equity in net income for 2023 in thousands (K)