Take Inc. invested $60,000 for its 20% share in Give Inc. on January 1, 20X1, by purchasing 10,000 shares of Give Inc. The following table provides pertinent details relating to Give Inc. for the next four years. Take Inc. has a December 31 year-end.

Required
Calculate the dividend income and unrealized gains/losses recognized by Take Inc. in each of the four years, and the carrying value of its investment in Give Inc. Assume that Take Inc. accounts for its investment in Give Inc. as a FVTOCI investment.

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Dividends Declared Income Share Price on December 31 Year 20X1 20X2 $160,000 80,000 120,000 20X4 60,000 $140,000 110,000 100,000 $4.80 4.50 20X3 5.00 4.70 80,000