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On January 2nd 2020, Percy Weasley Corporation purchased 9% of Clearwater Corps. common stock for $55,000. Clearwater's net income for 2020 was $160,000. During 2020,

On January 2nd 2020, Percy Weasley Corporation purchased 9% of Clearwater Corps. common stock for $55,000. Clearwater's net income for 2020 was $160,000. During 2020, Clearwater declared and paid a dividend of $64,000. On December 31, 2020, the fair value of the Clearwater stock owned by Percy Weasley Corp. had increased to $73,000.

How much should Percy Weasley report in its 2020 income statement from this investment?

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