on january 2, 2021, howdy doody corporation purchased 12% of ranger corporation's common stock for $50,000. during 2021, ranger had net income of $100,000 and declared and paid a dividend of $60,000. on december 31, 2021, the fair value of the ranger stock owned by howdy doody had increased to $70,000. how much should howdy doody show in the 2021 income statement as income from this investment?