Assume the same facts as in problem 4. Assume that the $60,000 ending inventory is sold by Ramos by the end of 2011. Also assume that in 2011, Tolson purchases an additional $80,000 in inventory from third parties and sells it to Ramos for $100,000. At the end of 2011, $40,000 of this inventory is unsold. In 2011, Tolson earns $500,000 and pays dividends of $400,000. Ramos earns $200,000 and pays dividends of $80,000. What is the amount of equity income recorded by Tolson in 2011