Crane Corporation purchased 36000 shares of common stock of the Sherman Corporation for $51 per share on January 2, 2020. Sherman Corporation had 100000 shares of common stock outstanding during 2021, paid cash dividends of $161000 during 2021, and reported net income of $610000 for 2021. Crane Corporation should report revenue from investment for 2021 in the amount of

$161640.

$219600.

$57960.

$241560.