On July 31, 2021, Tom Inc. purchased 200 shares of Holland Inc. for trading purposes, paid $40 per share plus 2% commission. On December 31, 2021, company sold 80 shares for $48 per share (i.e. FMV), and paid a 2% commission on the sale. On December 15, 2021, Holland Inc. declared and paid a dividend of $3 per share. What is the amount of investment net income for the fiscal year ended December 31, 2021? The company uses FV-NI method to account for its investment, and follows IFRS. a. $1963 b. $1163 c. $1363 d. $1240 e. $2200