Question: On January 2 , 2 0 2 1 , Germane, Inc. bought 3 0 % of the outstanding common stock of Quality, Inc. for $

On January 2,2021, Germane, Inc. bought 30% of the outstanding common stock of Quality, Inc. for $56 million cash. At the date of acquisition of the stock, Qualitys net assets had a book value and fair value of $120 million. Qualitys net income for the year ended December 31,2021, was $30 million. During 2021, Quality declared and paid cash dividends of $10 million. On December 31,2021, Germanes should report investment revenue of:

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