Required information Picture Company (Picture) owns 90\% of Snapshot Inc. (Snapshot). On January 1, 2022, the investment in Snapshot account had a balance of $350,000 and Snapshot's common shares and retained earnings on that date were valued at $200,000 and $100,889, respectively. Moreover, the assets to which the remaining acquisition differential relates had a remaining life of 10 years on that date. Picture uses the equity method to account for its investment in Snapshot. On January 1, 2022, Picture sold a depreciable asset to Snapshot for cash of $50,000 resulting in a before-tax gain of $10,000. On January 1, 2023, Snapshot sold a depreciable asset to Picture for cash of $80,000 resulting in a before-tax gain of $20,000. Both assets had remaining useful lives of 10 years on their respective sale dates. Note: neither transaction was a capital gain for tax purposes. The tax rate for both companies is 30%. Snapshot's net income and dividends for 2022 and 2023 are shown below. What is the amount of the change to the acquisition differential for 2023? What is the amount of the change to the acquisition differential for 2023? Multiple Choice $7,200 $8,800 $10,000 $7,920