REFERENCE: Ref.03_01 On January 1,2009,Cale Corp.paid $1,020,000 to Acquire Kaltop Co.Kaltop Maintained

Multiple Choice

REFERENCE: Ref.03_01
On January 1,2009,Cale Corp.paid $1,020,000 to acquire Kaltop Co.Kaltop maintained separate incorporation.Cale used the equity method to account for the investment.The following information is available for Kaltop's assets,liabilities,and stockholders' equity accounts:
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Kaltop earned net income for 2009 of $126,000 and paid dividends of $48,000 during the year.
-In Cale's accounting records,what amount would appear on December 31,2009 for equity in subsidiary earnings?

A) $79,000.
B) $129,800.
C) $126,000.
D) $127,000.
E) $81,800.