Pharoah Corporation purchased $42870$ shares of common stock of the Coronado Corporation for $$50$ per share on January $2,2022.$

During $2022,$ Coronado Corporation had $142900$ shares of common stock outstanding, paid cash dividends of $$124800,$ and reported

net income of $$324700.$ Pharoah Corporation should report revenue from investment for $2022$ in the amount of

$$0.$

$$37440.$

$$59970.$

$$97410.$