On January 2,2021, Howdy Doody Corporation purchased 15% of Ranger Copportion's common stock for $80,000. During 2021, Ranger had net income of $120,000 and dedared and paid a dividend of $40,000.0 n December 31. 2021, the fair value of the Ranger slock owned by Howdy Doody had increased to $90,000. How much should Howdy Doody show in the 2021 income statement as income from this investment? Answer: 5