Jones Company elected to use the cumulative earnings approach for distributions from its equity-method investment purchased at the beginning of 20X1. During 20X1, Jones earned $200,000 on the investment and received $210,000 in dividends.

In the investing activities section of the statement of cash flows prepared under the direct method, Jones reports dividends of:

Multiple Choice

$10,000.

$200,000.

$210,000.

$0.