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M.T. Glass, Inc. purchased the following investments on January 1, 2028: 1. 21,000 shares (representing 42%) of AA Company stock for $546,000 2. 18,000 shares

M.T. Glass, Inc. purchased the following investments on January 1, 2028: 1. 21,000 shares (representing 42%) of AA Company stock for $546,000 2. 18,000 shares (representing 9%) of ZZ Company stock for $306,000 AA Company and ZZ Company reported the following information for the years 2028 and 2029: 2028: Net income Total dividends paid Market value at Dec 31 2029: Net income Total dividends paid Market value at Dec 31 AA Company $140,000 $ 78,000 $33 per share AA Company $210,000 $ 90,000 $35 per share ZZ Company $225,000 $ 53,000 $22 per share ZZ Company $280,000 $125,000 $23 per share Calculate the amount of dividend revenue shown in M.T. Glass, Inc.'s 2029 income statement for these two investments.
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M.T. Glass, Inc. purchased the following investments on January 1, 2028: 1. 21,000 shares (representing 42% ) of AA Company stock for $546,000 2. 18,000 shares (representing 9% ) of ZZ Company stock for $306,000 AA Company and ZZ Company reported the following information for the years 2028 and 2029 : R. Calculate the amount of dividend revenue shown in M.T. Glass, Inc. 's 2029 income statement for these two investments

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