A Company, a 90% owned subsidiary of P Corporation, transfers inventory to P Corp. at a 25% gross profit rate. The following data are available pertaining specifically to P Corp's intra-entity purchases from A Company. A Company was acquired on January 1, 2020. 2020 2021 2022 $8,000 $12,000 $15,000 Purchases by P Corp. Ending inventory on P Corp.'s books 1,200 4,000 3, eee Assume the equity method is used. The following data are available pertaining to A Company's income and dividends. A Company's net income Dividends paid by A Company 2020 2021 2022 $70,000 $85,000 $94,000 10,000 10,000 15,000 Compute the equity in earnings of A Company reported on P Corp.'s books for 2022. $84.375. $84,825. $84,850. $84,600. $83925