RR Company purchased 12,000 common shares of SS Inc. on January 1, Year 1 for $198,000. SS inc. had 80,000 common shares outstanding. The following information relates to SS Inc.: Net Income (loss) Dividends paid Market value/share at December 31 Year 1 Year 2 $300,000 $(180,000) $75,000 $40,000 $17.25 $18.30 On January 1, Year 3, RR sold Investment in SS Inc. shares for $20 per share.