On January 2, 2021, Makarov purchased 40% of the voting common stock of Laxus paying $3,000,000. Makarov accounts for the investment in Laxus using the equity method. At the time of the investment, Laxus total stockholders' equity was $5,000,000. Makarov gathered the following information about Laxus's assets and liabilities whose book values and fair values differed: Buildings (20-year life) Equipment (5-year life) Franchises (10-year life) Book Value Fair Value $1,000,000 $1,800,000 1,500,000 2,000,000 0 700,000 Any excess of cost over fair value was attributed to goodwill, which has not been impaired. Laxus reported net income of $400,000 for 2021, and paid dividends of $200,000 during that year. What is the amount of excess amortization expense for Makarov's investment in Laxus for the first year? 18 4.34 points Multiple Choice $84,000. X 00:38:39 O $0. $100,000. $400,000. O $160,000