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In January 2021, Zurich Company purchased 1,000 shares of common stock of Munich Company for $50,000. Munich has 10,000 total shares of common stock outstanding.

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In January 2021, Zurich Company purchased 1,000 shares of common stock of Munich Company for $50,000. Munich has 10,000 total shares of common stock outstanding. In October 2021, Zurich received $4,000 in dividends from Munich. For the year ended December 31, 2021, Muhich Company reported net income of $100,000. At December 31, 2021, the market value of Munich Company's common stock was $53 per share. Zurich intends to sell this investment next year and classified it as trading securities. 9)How much total investment income would Zurich Company report in its year ended December 31, 2021 income statement relative to this investment?! Group of answer choices $7,000 $10,000 $4,000 $6,000

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