Question 2 (2 points) On January 2, 2020, Hillier Corp. purchased 200 of the 1,000 outstanding common shares of Gateway Ltd. for $120,000. During 2020, Gateway declared total cash dividends of $20,000 and reported net income for the year of $80,000. Hillier uses the cost model to account for its investment in Gateway. What is the value of the investment Hiller will record on its December 31, 2020 statement of financial statement