How do i get the 46,000?

Assume an investee has the following financial statement information for the three years ending December 31, 2016: 2014 (At December 31) Current assets Tangible fixed assets Intangible assets Total assets 2016 2015 $228,376 $222,160 $165,600 529,384 459,440 450,400 32,000 36,000 40,000 $789,760 $717,600 $656,000 Current liabilities Noncurrent liabilities Common stock Additional paid-in capital Retained earnings Stockholders' equity Total liabilities and equity $96,800 $88,000 $80,000 212,960 193,600 176,000 80,000 80,000 80,000 80,000 320,000 276,000 240,000 480,000 436,000 400,000 $789,760 $717,600 $656,000 80,000 80,000 (For the years ended December 31) Revenues Expenses Net income 2016 2014 2015 $776,000 $736,000 $680,000 700,800 672,000 620,000 $75,200 $64,000 $60,000 Dividends $31,200 $28,000 $20,000