Gise Corporation purchased 35,000 common shares of Wagner Corporation for $52 per share on January 2, 2020. During 2020, Wagner Corporation had 140,000 common shares outstanding, paid cash dividends of $88,000, and reported net income of $320,000. Under the equity method, Gise Corporation should report revenue from investments for 2020 in the amount of

a. $nil.

b. $22,000.

c. $58,000.

d. $80,000.