Sports International purchased $1,600$ shares of stock in The Gaming Warehouse for $$20$ per share. The investment is properly recorded using the equity method. By the end of the year, the stock price has increased to $$22$ per share. How would the change in stock price affect Sports International's net income under the equity method?

Multiple Choice

Increase net income by $$35,200$

Increase net income by $$32,000$

Increase net income by $$3,200$

No effect