Jack Corporation purchased a 20% interest in Jill Corporation for $1,580,000 on January 1, 2018. Jack can significantly influence Jill. On December 10, 2018, Jill declared and paid $1.4 million in dividends. Jill reported a net loss of $4.1 million for the year. What amount of loss should Jack report in its income statement for 2018 relative to its investment in Jill?

Multiple Choice

• $1,400,000.

• $1,580,000.

• $1,300,000.

• $820,000.