A firm purchased trading security investments for $156,000. During the year, the firm received dividends totaling $12,000 from these stock investments. At year-end, the stock portfolio had a quoted market value of $163,200.

The increase in net income for the year (ignore income taxes) from these investments is:

Select one:

a. $12,000

b. $19,200

c. $7,200

d. $-0-