Sox Corporation purchased a 40% interest in Hack Corporation for $1,975,000 on January 1, 2018. On November 1, 2018, Hack declared and paid $2.9 million in dividends. On December 31, Hack reported a net loss of $4.6 million for the year. What amount of loss should Sox report on its income statement for 2018 relative to its investment in Hack? $1,160,000. $815,000. $1,840,000. $1,975,000