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On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $32 each plus a brokerage fee of $1,500. These

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On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $32 each plus a brokerage fee of $1,500. These 3,000 shares represent a 16% interest in Vancouver Company During the year, Vancouver Company reported net income of $150,000 and declared and paid dividends totaling $80,000 At December 31, 2020, the shares of Vancouver Company were trading at $36 each. Assuming BC Company is accounting for this investment using the FV-NI Model, how much in Net Income (not OCI) did this investment generate for BC Company during 2020? Enter your answer without symbols or commas and to the nearest dollar

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