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Sheridan Company owns 16000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2021, Taylor earns $ 1060000 and pays cash dividends of

Sheridan Company owns 16000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2021, Taylor earns $ 1060000 and pays cash dividends of $ 855000. Sheridan should report investment revenue for 2021 of

a. $ 0.

b. $ 339200.

c. $ 273600.

d. $ 65600.

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