On January 1, 2019, Entertainment Company acquired 15% (80,000 shares) of the outstanding voting stock of Rocker Company as a long-term investment for $1,784,000. During 2019, Rocker Company reported net income of $1,500,000 and dividends were declared and paid in the amount of $250,000. How much income will be reported during 2019 from the Rocker investment if the year-end price of the shares is $22.30 per share?

Multiple Choice

$225,000.

$37,500.

$187,500.

$250,000.