On January 1, 2009, Davis acquires 30% of the outstanding common stock of Erdman for $800,000. Davis has significant influence. At that date, Erdman had assets with a book value of $5,000,000 and liabilities with a book value of $3,000,000. Erdman also had equipment with a book value of $200,000 and a fair value of $500,000, with a remaining useful life of 5 years. In 2009 Erdman has net income of $200,000 and pays dividends of $80,000. What is amount of equity income recorded by Davis in 2009