Cullumber, Inc. acquired 30% of Marigold Corporation's voting stock on January 1, 2021 for $890000. During 2021, Marigold earned $367000 and paid dividends of $228000. Cullumber's 30% interest in Marigold gives Cullumber the ability to exercise significant influence over Marigold's operating and financial policies. During 2022, Marigold earned $467000 and paid cash dividends of $128000 on April 1 and $128000 on October 1. On July 1, 2022, Cullumber sold half of its stock in Marigold for $627000 cash. Before income taxes, what amount should Cullumber include in its 2021 income statement as a result of the investment?

$228000.

$110100.

$68400.

$367000.