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Tekky Corp purchased 4 0 % of the 3 2 0 , 0 0 0 outstanding shares of Kirk Corp on January 1 , 2

Tekky Corp purchased 40% of the 320,000 outstanding shares of Kirk Corp on January 1,2021. The purchase price was
$3.20 per share. Kirk Corp. reported net income of $64,000, how much does Tekky Corp. report as investment income?
$25,600
$0
$64,000
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