Pharoah Brian Inc. acquired 20% of the outstanding common stock of Theresa Carla Vista Inc. on December 31, 2025. The purchase price was $1,170,000 for 46,800 shares. Carla Vista Inc. declared and paid an $0.90 per share cash dividend on June 30 and on December 31, 2026. Carla Vista reported net income of $802,000 for 2026. The fair value of Carla Vista's stock was $28 per share at December 31, 2026. Assume that the security is a trading security