On January 1, 20X1, Robin Company purchased for cash 30 percent of Lucifer Company's 300,000 shares of voting common stock for $570,000 when 30 percent of the underlying equity in Lucifer's net assets was $360,000. The payment in excess of underlying equity was assigned to amortizable assets with a remaining life of six years. As a result of this transaction, Robin has the ability to exercise significant influence over Lucifer's operating and financial policies. Lucifer's net income for the year ended December 31, 20X1, was $320,000. During 20X1, Lucifer paid $80,000 in dividends to its shareholders. The income reported by Robin for its investment in Lucifer should be

A $96,000.

B $72,000.

C $61,000.

D $84,000.