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 2021. Multiple Choice $140,000 $97,000 $125,000 $900.000 $112,000