On January 1, 2015, Ramsey Company Purchased 35% of the Outstanding

On January 1, 2015, Ramsey Company purchased 35% of the outstanding common shares of the Vapor Company for $70,000 when the net assets were $200,000. During 2015, Vapor Company earned $80,000 and declared a dividend of $40,000. Ramsey accounted for the investment using the equity method.
-Ramsey's share of Vapor's income for 2015 is

A) $14,000.
B) $28,000.
C) $42,000.
D) $40,000.