Speedway Co. acquired 30% of Highway, Inc.'s voting common stock on January 2, 2020 for $300,000. The carrying amount of Highway's net assets at the purchase date totaled $600,000. Fair value equaled carrying amounts for all items except equipment, for which fair values exceeded carrying amounts by $80,000. The equipment has a four-year life. During 2020, Highway reported net income of $100,000. What amount of income from this investment should Speedway report in its 2020 income statement?