Abba Co. owns a 40% interest in Jay Ltd, a joint venture. Information for the two entities for the year ended July 31, 20X4, is as follows: Sales Net income Abba $5,000,000 1,500,000 Jay $3,900,000 800,000 During the year, Jay had sales of $20,000 to Abba and earned a gross margin of 40% on these sales. At year end, Abba had resold 50% of these goods. Also during the year, Abba had sales of $60,000 to Jay and earned a gross margin of 50% on these sales. At year end. none of these goods had been resold. Both companies' tax rate is 30%. What is the investment income from Jay that will be reported on Abba's statement of comprehensive income for the year ended July 31, 20X4?