On January $1,2017,$ Chloe Co$.$ acquired all of the common stock of Hurley Corp. For $2017,$ Hurley earned net income of $$360,000$ and paid dividends of $$190,000.$ Amortization of the

patent allocation that was included in the acquisition was $$6,000.$

How much difference would there have been in Chloe's income with regard to the effect of the investment, between using the equity method or using the initial value method of internal

recordkeeping?

Select one:

A$.$ $$190,000.$

B$.$ $$150,000.$

C$.$ $$164,000.$

D$.$ $$354,000.$

E$.$ $$360,000.$

ear my choice