Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,000 and $165,000 at December 31m 2010 and 2011, respectively. During 2011 Clor recognized $80,000 of net income and paid dividends of $30,000. Assuming tha Bloomfield owned the same percentage of Clor thorughtout 2011, their percentage ownership must have been:
a. 5%
b. 50%
c. 30%
d. 18.75%