On January 1, 2011, Capitech Corporation acquired Logirun, Inc. as a long term investment for $240,000 (a 30 percent common stock interest in Logirun). On that date, Logirun had net assets with a book value and current market value of $800,000. During 2011, Logirun reported net income of $90,000 and declared and paid cash dividends of $20,000. What is the maximum amount of income that Capitech should report from this investment for 2011?
a. $6,000
b. $21,000
c. $27,000
d. $33,000