On January $2,2022,$ Howdy Doody Corporation purchased $12\%$ of Ranger Corporation's common stock for $$50,000.$ Assume $20\%$ ownership is needed for significant influence. Ranger's net income for the years ended December $31,2022,$ and December $31,2023,$ were $$10,000$ and $$50,000,$ respectively. During $2022,$ Ranger declared and paid a dividend of $$60,000,12\%$ of which was paid to Howdy Doody. On December $31,2022,$ the fair value of the Ranger stock owned by Howdy Doody had increased to $$70,000.$ How much should Howdy Doody show in the $2022$ income statement relating to this investment?