On January 1, Year 1, Pepper Company acquired 30% of the voting common stock of Salt, Inc. for $60 pet share. Pepper was able to excercise significant influence over the affairs of Salt. Salt had 50,000 common shares outstanding on January 1 , Your 1. On July 1, Yoar 1, Pepper sold all but 500 shares of its investment in Salt, inc. Pepper held all 500 shares through year-end Year 1. Salt declared and paid a \$1 per share common stock dividend on March 31, Year 1, and a \$1.50 per share dividend on September 30 , Year 1, Salt's net income was exactly $50,000 each quarter. What amount of revenue should Pepper record for the Year 1 from this investment? $15,250 $15,750 $30,760 $31,000