Parrot Incorporated acquired 60% of Start Company on January 1, 2017. On that date Starr sold equipment to Parrot for $45,000. The equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years. Starr reported net income of $300,000 and $325,000 for 2017 and 2018, respectively. Parrot uses the equity method to account for its investment in Starr There were no other difference to depreciate/amortize from original acquisition of Starr Company and there were no other intra-entity transaction between Parrot and Starr. Compute the income from Starr reported on Parrot's books for 2017. a $174,600 b. $184,800 c. $171,000 d. $172,000