Jack Corporation purchased a 25% interest in Jill Corporation for $1,760,000 on January 1, 2013. Jack can significantly influence Jill. On December 10, 2013, Jill declared and paid $2.3 million in dividends. Jill reported a net loss of $4.4 million for the year. What amount of loss should Jack report in its income statement for 2013 relative to its investment in Jill?

$1,760,000.

$2,300,000.

$1,185,000.

$1,100,000.