$)$ On January $2,2022,$ Big Daddy Corporation purchased $12\%$ of Ranger Corporation's common stock for $$50,000.$ Ranger's net income for the year ended December $31,2022$ was $$50,000.$ During $2022,$ Ranger declared and paid a dividend of $$60,000.$ On December $31,2022,$ the fair value of the Ranger stock owned by Big Daddy had increased to $$70,000.$ How much should Big Daddy show in the $2022$ income statement as income from this investment?