Pepe, Incorporated acquired $70\%$ of Devin Company on January $1,2023$ On that date Devin sold equipment to Pepe for $$45,000.$ The equipment had a cost of $$120,000$ and accumulated depreciation of $$63,000$ with a remaining life of $10$ years. Devin reported net income of $$300,000$ and $$320,000$ for $2023$ and $2024,$ respectively. Pepe uses the equity method to account for its investment in Devin.

Assuming there are no excess amortizations or other intra$-$entity transactions, Compute the income from Devin reported on Pepe's books for $2024.$

a$.$ $$223,160$

b$.$ $$194,400$

c$.$ $$216,525$

d$.$ $$201,800$

e$.$ $$194,200$