D.) Speers Corporation owns 40% of Queens Company, which Speers originally purchased at the beginning of the year for $300,000. Queens earned income for the year of $30,000 and paid dividends of $5,000. Which of the following is the amount of investment income Speers will report for the year?

Select one:

a. $5,000

b. $30,000

c. $14,000

d. $2,000

e. $12,000