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McKinley Company owns 15,000 of the 50,000 outstanding shares of Ranier Corporation common stock and can exert significant influence over Ranier. For the year, Ranier

McKinley Company owns 15,000 of the 50,000 outstanding shares of Ranier Corporation common stock and can exert significant influence over Ranier. For the year, Ranier earns $350,000 and pays cash dividends of $140,000.

How much investment revenue should McKinley report for the year?

Select one:

a.$63,000

b.$210,000

c.$105,000

d.$140,000

e.$42,000

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