On January 2, 2020, Howdy Doody Corporation purchased 14% of Ranger Corporation's common stock for $57,000. Ranger's net income for the years ended December 31, 2020, and December 31, 2021, were $13,000 and $56,000, respectively. During 2020, Ranger declared and paid a dividend of $61,500. On December 31, 2020, the fair value of the Ranger stock owned by Howdy Doody had increased to $71,000. How much should Howdy Doody show in the 2020 income statement as income from this Investment? Multiple Choice O $22,610. $20,000. $14,000. $8,610