Ocean Sailings, Inc. ("OSI") acquired an 85% interest in Stormy Cruises Corp on December 31 for $970,000. OSI has the ability to exercise significant influence on management decisions. The Stormy Cruises stock is publicly traded. During the year, Stormy Cruises reported net income of $160,000 and paid cash dividends of $40,000. Which one of the following best describes how OSI should account for its investment in Stormy Cruises?