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On January 4, 2020, Cutter Inc., bought 15% of Vekshyna Corporations common stock for $60,000. The following data concerning Vekshyna are available for the years

On January 4, 2020, Cutter Inc., bought 15% of Vekshyna Corporations common stock for $60,000. The following data concerning Vekshyna are available for the years ended December 31, 2020 and 2021:

2020 2021

Net income $30,000 $90,000

Dividends paid None 80,000

In its income statement for the year ended December 31, 2021, how much should Cutter report as income from this investment?

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