On January 1, 2016, Archer Corp. acquired a 10% interest in Wilson Enterprises. On January 1, 2017, Archer acquired an additional 20% Wilson's common stock. No goodwill resulted from either purchase. Wilson reported net incomes of $900,000 and $840,000 for 2016 and 2017, respectively. Dividends paid by Wilson amounted to $300,000 in 2016 and $400,000 in 2017. What amount of Equity Income should be reported by Archer Corp in 2017? Select one: A. $ 88,000 B. $252,000 C. $132,000 D. $168,000