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Phillips owns 25 % of Mintor, Inc. (a private company). In 2019, Mintor had sales of $22,000,000, had net income of $82,000 and Mintor paid

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Phillips owns 25 % of Mintor, Inc. (a private company). In 2019, Mintor had sales of $22,000,000, had net income of $82,000 and Mintor paid $32,000 in dividends. If Phillips uses the Equity Income method, what did Phillips record as Equity Income on its 2019 income statement? Round your answer to the nearest dollar and record your answer without a dollar sign and without any commas. Thus, record $32,372.8782 as 32373. Your

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