Following is a summary of the investments owned by Whispering Corporation, as of January 1, 2020: Investment STG Corporation Brach Ltd. Percentage of Outstanding Shares 7% 32% Whispering's Intention To be sold when prices increase Buy additional shares to achieve control of company. Whispering has members on Brach's Board of Directors. To be sold when prices increase Hold indefinitely. Another company owns the remaining 74% of shares Hold indefinitely Raptor Inc. CMP Ltd. Diloph Inc. 3% 26% 8% During 2020, the various companies paid dividends at various times throughout the year, as follows: Investment STG Corporation Brach Ltd. Raptor Inc. CMP Ltd. Diloph Inc. Whispering's Share of Dividends $6,950 23,500 2,160 21,900 7,410 For each of the investments, indicate which accounting model is most applicable, based on the information provided and assuming Whispering follows IFRS. Accounting Model Investment STG Corporation Brach Ltd. Raptor Inc. CMP Ltd. Diloph Inc. Calculate the amount of dividend income to be shown on Whispering's income statement for 2020. Dividend income $