On January $1,2022,$ New Glarus Brewing purchases $30\%$ of the outstanding common shares of Yamika Valley Hops for $$12$ million. The investment gave New Glarus Brewing the ability to exercise significant influence over Yamika Valley Hops. The book value of Yamika Valley Hops$$ net assets was $$38$ million. The excess of cost over book value was attributed to PP&E$,$ which was undervalued on Yamika$$s balance sheet and had a remaining $4-$year useful life. For the year ended December $31,2022,$ Yamika Valley Hops reported net income of $$1\mathrm{.}5$ million and paid cash dividends of $$500,000$ on its common stock.

How much did New Glarus Brewing report as investment income in $2022$ related to its investment in Yamika Valley Hops?