In Year 1. Neil Co. held the following investments in common stock: - 25,000 shares of B \& K, Inc,'s 100,000 outstanding shares. Nell's level of ownership givas it the abilty to exercise significant influence over the financial and operating policies of B \& K - 6,000 shares of Amal Corp's 309,000 outstanding shares. During Year 1. Neil received the following distributions from its common stock investments: November 6$30,000 cash dividend from B \& K November 11$1,500 cash dividend from Amal. December 263% common stock dividend from Amal. The closing price of this stock on a national exchange was \$15 per share. What amount of dividend revenue should Neil report for Year 1