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Quintin 26 Not yet answered Hamilton Company owns 20,000 of the 50,000 outstanding shares of Martin, Inc. common stock Hamilton did not elect the fair

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Quintin 26 Not yet answered Hamilton Company owns 20,000 of the 50,000 outstanding shares of Martin, Inc. common stock Hamilton did not elect the fair value option at the time of purchase. During Year 5. Martin earns $1,000,000 and pays cash dividends of $800,000 How much income will Hamilton report in its Year 5 income statement from this investment? Point out of Flag question Select one a $400,000 Ob $320,000 OF $80,000 d$0

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