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Marietta Enterprises received dividends from its common stock investments during the year ended December 3 1 as follows: * A cash dividend totaling $ 7

Marietta Enterprises received dividends from its common stock investments during the year ended December 31 as follows:
*
A cash dividend totaling $75,000 from its trading security investment in Karin Corporation, when the market price of Karins shares was $30 per share
*
A cash dividend of $45,000 from Marge Corp. in which Marietta owns a 40% interest
How much dividend income should Marietta report in its Income Statement?
Select one:
A. $75,000
B. $70,000
C. $20,000
D. $60,000

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