On July 1, 2024, Petunia Corporation obtained significant influence over Salvia Company through the purchase of 2,000 shares of Salvia's 10,000 outstanding shares of common stock for $20 per share. On December 15, 2024, Salvia paid $40,000 in dividends to its common stockholders. Salvia's net income for the year ended December 31, 2024, was $120,000, earned evenly throughout the year. In its 2024 income statement, what amount of income from this investment should Petunia report? $36,000 You Answered $18,000 Wrong Correct Answer $12,000 $6,000