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Jack Corporation purchased a 22% interest in Jill Corporation for $1,720,000 on January 1, 2021. Jack can significantly influence Jill. On December 10, 2021, Jill declared and paid $2.1 million in dividends. Jill reported a net loss of $5.3 million for the year. What amount of loss should Jack report in its income statement for 2021 relative to its investment in Jill? Multiple Choice $1,166,000 $2,100,000 O $1,720,000 O $1,489,000