On January 1, 2020, Beaver Company purchased 80,000 shares of Kimberley Company common stock for $1,600,000, giving Beaver 25 percent and the ability to apply significant influence over Kimberley. Any excess of cost over book value acquired are attributable solely to goodwill

In 2020 Kimberley reported net income of $740,000 and declared and paid dividends of $200,000.

On January 1, 2021, Beaver sells 48,000 shares of this investment for $25 per share, thus reducing its interest from 25 to 10 percent, thus losing its significant influence. 2021 Kimberley' net income was $600,000 and dividends $120,000. Fair value of Kimberley' stock was $24 per share on December 31, 2021.

What is the impact on 2021 Beaver's net income due to this investment in Kimberley?

Choices:

$233,000.

$171,000.

$159,000.

$245,000.