A company (the investor) purchased 36,000 shares of common stock of the investee for $40 per share on January 2, 2020. The investee had 100,000 shares of common stock outstanding during 2021, paid cash dividends of $60,000 during 2021, and reported net income of $392,000 for 2021. The investor company should report revenue from investment for 2021 in the amount of