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Birzeit Corporation earns $580,000 in net income and pays cash dividends of $160,000 during 2020. Ramallah Corporation owns 3,000 of the 10,000 outstanding shares of

Birzeit Corporation earns $580,000 in net income and pays cash dividends of $160,000 during 2020. Ramallah Corporation owns 3,000 of the 10,000 outstanding shares of Birzeit Corporation. How much investment income should Ramallah report in 2020? Select one: a. $96,000. b. $580,000. c. $144,000. d. $174,000.

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