[Fact Pattern #1] Boggs, Inc., paid $700,000 on January 1 of the current year for 100,000 shares of Mattly Corporation, representing 30% of Mattly's outstanding voting stock. The fair value of this stock is deemed not to be readily determinable because market quotes are not currently available. The following computation was made by Boggs: Purchase price $700,000 30% equity in carrying amount of Mattly's net assets (500,000) Excess cost over carrying amount $200,000 Because the carrying amount of the net assets approximated their fair value, the excess of cost over carrying amount was attributed to goodwill. Boggs estimated that this goodwill will have a 20-year useful life. Mattly reported net income for the current year ended December 31 of $300,000. Mattly Corporation paid cash dividends of $100,000 on July 1 of the current year. [9] (Refers to Fact Pattern 1) If Boggs, Inc., exercised significant influence over Mattly Corporation and properly accounted for the noncurrent investment under the equity method, the amount of net investment revenue Boggs should report from its investment in Mattly is I A. $30,000 B. $60,000 ABCD C. $80,000 D. $90,000