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Sandy Cheeks Enterprises owns 12% of the common stock of Mr.Krabs Inc. Sandy Cheeks uses the fair-value method to account for this investment. Mr.Krabs reported

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Sandy Cheeks Enterprises owns 12% of the common stock of Mr.Krabs Inc. Sandy Cheeks uses the fair-value method to account for this investment. Mr.Krabs reported net income of $150,000 in 2019 and paid dividends of $50,000 on October 1, 2019. How much income should Sandy Cheeks recognize on this investment in 2019? Select one: O a. $24,000. O b. $ 6,000. O c. $12,000. O d. $18,000

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