Question: On January 1 , 2 0 2 4 Eagle Corp. purchased 1 5 , 0 0 0 of the 1 0 0 , 0 0

On January 1,2024 Eagle Corp. purchased 15,000 of the 100,000 outstanding shares of common stock of Bobcat Inc. for $42 per share. The records of Bobcat Inc. reported the following on December 31,2024:Net Income-550,000Dividends declared and paid-60,000Market price per share-44Eagle Corp. should report investment income on its income statement in the amount of:

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