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On January 1, a company purchased 5,000 common shares of JDS at $15 dollars per share. There are 60,000 common shares outstanding. During the year,
On January 1, a company purchased 5,000 common shares of JDS at $15 dollars per share. There are 60,000 common shares outstanding. During the year, JDS reported a profit of $150,000 and paid cash dividends of $90,000. The shares have a market value of $16 per share at year end. What is the total investment revenue reported for the year? (record the dollar amount with no dollar signs or commas (e.g., 4596))
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