Stiller Company, an $80\%$ owned subsidiary of Leo Company, purchased land from Leo on March $1,2020,$ for $$75,000.$ The land originally cost Leo $$60,000.$ Stiller reported net income of $$125,000$ and $$140,000$ for $2020$ and $2021,$ respectively. Leo uses the equity method to account for its investment.

Assuming there are no excess amortizations or other intra$-$entity transactions, compute income from Stiller on Leo's books for $2020.$

Multiple Choice

$$125,000.$

$$88,000.$

$$85,000.$

$$100,000.$

$$110,000.$