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Sox Corporation purchased a 4 0 % interest in Hack Corporation for $ 2 , 0 0 0 , 0 0 0 on January 1

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Sox Corporation purchased a 40% interest in Hack Corporation for $2,000,000 on January 1,2024. On November 1,2024, Hack declared and paid $3.0 million in dividends. On December 31, Hack re $5.6 million for the year. What amount of loss should Sox report on its income statement for 2024 relative to its investment in Hack?
Multiple Choice
$800,000
$2,240,000
$2,000,000
$2,300,000
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