cott Co$.$ paid $$2,800,000$ to acquire all of the common stock of Dawn Corp. on January $1,2020.$ Dawn$$s reported earnings for $2020$ totaled $$512,000,$ and it paid $$160,000$ in dividends during the year. The amortization of allocations related to the investment was $$28,000.$ Scott$$s net income, not including the investment, was $$3,310,000,$ and it paid dividends of $$950,000.$

On the consolidated financial statements for $2020,$ what amount should have been shown for consolidated dividends?

Multiple Choice

$$-0-$

$$160,000.$

$$922,000.$

$$950,000.$

$$1,110,000.$

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