On January 2, 2020, Howdy Doody Corporation purchased 17% of Ranger Corporation's common stock for $53.000 Rangers net income for the years ended December 31, 2020 and December 21 2021 wee $14,000 and $57,000, respectively. During 2020, Ranger declared and paid a dividend of $60,000. On December 21, 2020, the fair value of the Ranger stock owned by Howdy Doody hall increased to 506.000 much should Howdy Doody show in the 2020 income statement as income from this investment Multiple Chace $13,000 $19.000 120.000 $7300