American Surety and Fidelity buys and sells securities expecting to earn profits on short-term differences in price.The following selected transactions relate to American's investments in trading securities during 2022. The company's fiscal year ends on December 31. No trading securities were held by American on Jan 1, 2022. 2022 May 1) Purchased 10,000 shares of GOOGL stocks for $120 per share Jun 1) Purchased 10,000 shares of GOOGL stocks for $115 per share Jul 1) Sold 15,000 shares of GOOGL stocks for $125 per share. Nov 1) Received dividend $50,000 Dec 31) Market price for GOOGL is $145 per share 2023 Apr 1) Purchased 10,000 GOOGL stocks for $160 per share May 1) Sold 7,000 GOOGL stocks for $150 per share July 1) Purchased 10,000 GOOGL stocks for $180 per share Aug 1) Sold 5,000 shares of GOOGL stocks for $190 per share Dec 31) Market price for Apple is $170 per share American uses the first-in first-out (FIFO) cost-basis assumption. What is the total effect of the investment in GOOGL on American's 2022 net income?