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Belton Industries purchased 50,000 of Sharkey Enterprises' common shares for $587,000. Sharkey Enterprises currently has 200,000 common shares outstanding. If Sharkey reports a net income

Belton Industries purchased 50,000 of Sharkey Enterprises' common shares for $587,000. Sharkey Enterprises currently has 200,000 common shares outstanding. If Sharkey reports a net income of $160,000 and declared and paid cash dividends of $32,000 in 2020, how much investment income should Belton report in 2020? Select answer from the options below $8,000 $0 $32,000 $40,000

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