Sox Corporation purchased a 40\% interest in Hack Corporation for $1,675,000 on January 1, 2024. On November 1, 2024, Hack declared and paid $1.7 million in dividends. On December 31 . Hack reported a net loss of $4.2 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 $995,000 $1,680,000 $1,675,000 $1,845,000