Aninvestor uses cash to purchase 42% interest in aninvesteecompany, and the investor concludes that it can exert significant influence over theinvestee.The book value is equal to the fair value of the investee'sassets and liabilities on the acquisition date and the investor purchases its interest for$200,000.

Subsequent to the acquisition, theinvesteereports net income of$229,934, and pays cash dividends of$10,000.

How much dividends received should the investor record?