$[11]$ On July $1,$ Year $1,$ Denver Corp. purchased $3,000$ shares of Eagle Co$.\text{'}$s $10,000$ outstanding shares of common stock for $$20$ per share but did not elect the fair value option. On December $15,$ Year $1,$ Eagle paid $$40,000$ in dividends to its common shareholders. Eagle's net income for the year ended December $31,$ Year $1,$ was $$120,000,$ earned eventy throughout the year. In its Year $1$ income statement, what amount of income from this investment should Denver report?

A$.$ $$36,000$

B$.$ $$18,000$

C$.$ $$12,000$

D$.$ $$6,000$