Pied Imperial Corporation acquired a 90% interest in Somest Corporation in 2020 when Somest's book values were equivalent to fair values. Somest sold equipment with a book value of $80,000 to Pied for $130,000 on January 1, 2022. Pied is fully depreciating the equipment over a 4-year period by using the straight-line method. Somest reported net income for 2022 was $320,000. Pied's 2022 income from Somest is

Which one is correct?

a. 249,250

b. 250,500

c. 254,250

d. 288,000