Equity Income Calculation for Intercorporate Investment

ABC Corporation has acquired a 30% stake in XYZ Ltd. as of January 1st of the current year. Under the equity method of accounting, ABC Corporation must recognize its share of the earnings and losses of XYZ Ltd. Immediately after the acquisition, XYZ Ltd. reported earnings of $200,000 for the year. ABC Corporation applies the equity method for this investment.

What amount will ABC Corporation report as equity income from its investment in XYZ Ltd. for the current year?