Rosa Inc. holds 25% of the outstanding voting shares of Williams Co. and appropriately applies the equity method of accounting. Amortization associated with this investment equals $9,500 per year. For 2018, William reported earnings of $85,000 and paid cash dividends of $30,000. During 2018, William aquired inventory for $58,600 which was then sold to Rosa for $79,000. At the end of 2018, Rosa still held some of this inventory at its intra-entity selling price of $45,000.

Assistance with determining the amount of equity in investee income that Rosa should have reported for 2018