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Isle Royale Inc. bought 2 2 , 5 0 0 shares of the voting common stock of Lake Clark Company in January 2 0 2

Isle Royale Inc. bought 22,500 shares of the voting common stock of Lake Clark Company in January 2023. In December, Lake Clark Company announced $202,900 net income for 2023 and declared and paid a cash dividend of $8.00 per share on all 202,000 shares of its outstanding common stock. Calculate Isle Royale Inc.'s dividend revenue from Lake Clark Company in December 2023.
$180,000
$22,600
$0
$1,616,000
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