On January 1, Hillcrest Co. acquired a 40% interest in Preston, Inc. with the excess of purchase price over book value solely attributable to equipment with a ten-year life and undervaluation by $250,000. During the year of acquisition, Preston reported net income of $500,000. What amount of Equity Income should Hillcrest report on its income statement for the year of acquisition? Select one: A. $190,000 a B. $200,000 a C. $210,000 a D. $250,000 Howard, Inc. paid $400,000 to acquire all of the common stock of Fisherman Corp. on January 1, 2020. Fisherman's reported earnings for 2020 totaled $99,000, and it paid $33,000 in dividends during the year. The amortization of allocations related to undervalued assets was $9,000. Howard's net income, not including the investment, was $753,000, and it paid dividends of $48,000. What amount would appear as Equity Income on the consolidated income statement? Select one: A. $-0- a B. $57,000 O C. $90,000 O D. $99,000