On January 1, 2020 Peter Corporation acquired 80% of the outstanding common stock of Sweeter Company for $550,000 cash, including out-of-pocket costs. The investment was accounted for by the equity method. Sweeters net income for the fiscal year ended December 31, 2020, was $320,000. During 2020, Peter received $100,000 cash dividends from Sweeter. Peters share in net income of sweeter is:

a.

$220,000.

b.

$176,000.

c.

$320,000.

d.

$256,000.