On January 1, 20X8, Conner Company acquired 30 percent of Lu Company's common stock for $30,000. Lu's balance sheet at 1/1/20X8 has total equity of $100,000. Lu reported net income of $150,000 for 20X8 and declared total dividends of $72,000 for 20X8. Conner uses the equity method to account for this investment. The fair value of Lu's common stock was $105,000 at 12/31/X8. Based on this information. what amount does Conner Company report as income from this investment for the year 12/31X8? Round your final answer to the nearest dollar. Do not use any punctuation other than a comma in your