REFERENCE: Ref.01_09 On January 1,2008,Anderson Company Purchased 40% of the Voting Common

REFERENCE: Ref.01_09
On January 1,2008,Anderson Company purchased 40% of the voting common stock of Barney Company for $2,000,000,which approximated book value.During 2008,Barney paid dividends of $30,000 and reported a net loss of $70,000.
-What amount of equity income would Anderson recognize in 2008 from its ownership interest in Barney?

A) $12,000 income.
B) $12,000 loss.
C) $16,000 loss.
D) $28,000 income.
E) $28,000 loss.