Marietta Enterprises received dividends from its common stock investments during the year ended December 31 as follows:

A cash dividend totaling $5,000 from its trading security 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?

1. $70,000
2. $75,000
3. $60,000
4. $20,000