Shettleton Corp purchased 1,000 shares of Upstate Co. (Upstate) on April 1, Year 1, for $60 per share. On November 1, Year 1, Upstate declared a two-for-one stock split. Upstate's shares have a readily determinable fair value of $32 and $35 per share on December 31, Year 1 and Year 2, respectively. During Year 2, Upstate paid a dividend of $1.00 per share. What amount of income would Shettleton report on its year 2 income statement related to the investment in Upstate? $2,000 $3,000 $6,000 $8,000