Canada bought 10% of the 200,000 common shares of Alberta Enterprises at a total cost of $13.00 per share on March 1st. On July 31st Alberta declared and paid a $75,000 cash dividend. On December 31st Alberta reported net income of $122,000 for the year and the market price of its shares was $15.00.

What is the impact on net income on Canada's books at December 31st assuming Canada follows IFRS and accounts for Alberta using the FVNI method?

	A.	$197,000
	B.	None of the other alternatives are correct
	C.	$47,500
	D.	$122,000
	E.	$7,500