1. Shaheen Company acquired 100% of Shimul Company on January 1, 2018. Shaheen paid $1,000 excess consideration over book value, which is being amortized at $20 per year. There was no goodwill in the combination. Shimul reported net income of $400 in 2018 and paid dividends of $100.

   Assume the partial equity method is applied. How much equity income will Shahenn report on its internal accounting records as a result of Shimuls' operations?

   	A.	$300
   	B.	$400
   	C.	$210
   	D.	$100
   	E.	$380