On January $1,20$x$7,$ Romulus Company acquired $30\%$ of the outstanding common stock of Remus Corporation for $$650,000.$ Remus reported net income and paid dividends for the years ended $20$x$7,20$x$8,$ and $20$x$9,$ as follows:

Year

Net Income

Dividends

$20$x$7$

$$100,000$

$$70,000$

$20$x$8$

$$80,000$

$$70,000$

$20$x$9$

$$30,000$

$$40,000$

Based on the above information, the amount of income related to its investment in Remus to be reported by Romulus for the year $20$x$9$ is:

$1.$

$$24,000$

$2.$

$$21,000$

$3.$

$$70,000$

$4.$

$$9,000$

$5.$

None of the above