Stark Company, a 90% owned subsidiary of Parker, Incorporated, sold land to Parker on May 1, 2023, for $80,000. The land originally cost Stark $85,000. Stark reported net income of $200,000, $180,000, and $220,000 for 2023, 2024, and 2025, respectively. Parker sold the land purchased from Stark for $92,000 in 2025. Both companies use the equity method of accounting.

Assuming there are no excess amortizations or other intra-entity transactions, compute income from Stark reported on Parker's books for 2025.

Multiple Choice

$204,300

$202,500

$193,500

$191,700

$198,000