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Loire Corporation purchased 1.600 ordinary shares of Comma Co, for $52,800. During the year, Comma paid a cash dividend of $13 per share. At year-end,

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Loire Corporation purchased 1.600 ordinary shares of Comma Co, for $52,800. During the year, Comma paid a cash dividend of $13 per share. At year-end, Comma shares were selling for $38 per share. Loire Corporation purchased the shares to meet a non-trading regulatory requirement. What amount of total income will Loire Corporation report in its income statement for the year

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