During Year 1, Wistrand Corporation purchased 12,000 shares of the 800,000 outstanding shares of Cherry Corporation's common stock for $84500. At the end of Year 1, Wistrand received $3160 of dividends from its investment in Cherrys stock. The fair value of Wistrands investment on December 31, Year 1, is $93440. What amount of income or loss that is attributable to the Cherry stock investment should be reflected in Wistrands earnings for Year 1?

A. $12100

B. $8940

C. $3160

D. $3730