Question 22 Not yet answered Marked out of 1.50 Flag question P Co bought 100% of S Co common stock at its book value of $200,000 on 1/1 2020. During 2020,5 co reported net income of $65,000 and paid dividends of $20,000.At what amount should P's Income from S be reported on 31/12/2020 by using equity method? Select one: a. 55,000 b. 65,000 c. 49,500 d. 50,000