On January 1, 2020, Short Company purchased 20,000 shares (15% of the outstanding voting shares) of James Corporation's $1 par value common stock at a cost of $50 per share as a long-term investment. During November 2020, James declared and paid a cash dividend of $1.25 per share. At December 31, 2020, end of the accounting period, James' shares were selling at $48. James reported $600,000 of net income for 2020. What is the net amount reported in the income statement for the year ended December 31, 2020 for Short Company related to this investment?