On January 1, Bangle Company purchased 30% of the voting common stock of Sleat Corp. for $1,000,000. The $100,000 excess of cost over book value of Bangle's investment was attributed to an unrecorded patent having a remaining useful life of ten years. During the year, Sleat paid dividends of $24,000 and reported a net loss of $140,000. What is the impact of this investment on the net income of Bangle for the year?

A) 32,000 decrease

B) 52,000 decrease

C) 59,200 decrease

D) 32,000 increase

E) 24,800 increase