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Assume that Bava Company purchases 36,800 common shares of Jones Company for $12 cash per share. During the year, Bava receives a cash dividend of

Assume that Bava Company purchases 36,800 common shares of Jones Company for $12 cash per share. During the year, Bava receives a cash dividend of $1.30 per common share from Jones, and the year-end market price of Jones common stock is $13 per share. How much income does Bava report relating to this investment for the year?

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