Information pertaining to dividends from Wray Corp.'s common stock investments for the year ended December 31 , Year 1 . follows: - On September 8, Year 1, Wray received a $50,000 cash dividend from Seco inc., in which Wray owns a 30 percent interest. A majority of Wray's directors are also directors of Seco. - On October 15, Year 1. Wray received a \$6,000 liquidating dividend from King Co. Wray owns a 5 percent interest in King Co. - Wray owns a 2 percent interest in Bow Corp., which declared a $200,000 cash dividend on November 27 , Yoar 1 , to slockholders of record on December 15, Year 1, payable on January 5, Year 2. What amount should Wray report as dividend income in its income statement for the year ended Decomber 31 , Year 1