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Scott Co. paid $2,800,000 to acquire all of the common stock of Dawn Corp. on January 1, 2020. Dawn's reported earnings for 2020 totaled $512,000,

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Scott Co. paid $2,800,000 to acquire all of the common stock of Dawn Corp. on January 1, 2020. Dawn's reported earnings for 2020 totaled $512,000, and it paid $160,000 in dividends during the year. The amortization of allocations related to the investment was $28.000. Scott's net income, not Including the investment was $3,310,000, and it pold dividends of $950,000 On the consolidated financial statements for 2020, what amount should have been shown for Equity in Subsidy Eamongs

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