TB MC Qu. 12-65 (Algo) On January 2, 2020, Howdy Doody Corporation... On January 2, 2020, Howcy Doody Corporation purchased 14% of Ranger Corporation's common stock for $54,000. Ranger's net income for the years ended December 31, 2020, and December 31, 2021, were $16,000 and $58,000, respectively. During 2020, Ranger declared and paid a dividend of $64,500. On December 31, 2020, the fair value of the Ranger stock owned by Howdy Doody had increased to $67000. How much should Howdy Doody show in the 2020 income statement as income from this investment? Multiple Choice O $9.030 $22,030. $13,000 O $19,000