Howdy Doody Corporation purchased a 20% interest in Ranger Corporation for $1,660,000 on January 1, 2022. Howdy Doody can significantly influence Ranger. On December 10, 2022, Ranger declared and paid $1.8 million in dividends. Ranger reported a net loss of $5.2 million for the year. What amount of loss should Howdy Doody report in its income statement for 2022 relative to its investment in Ranger? Multiple Choice O O $1,660,000 o $1,040,000. O $1,480,000 $1,800,000