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Sub On July 1, 20X4, Pillow Corp. obtained sigrificant influence over Sleep Co through the purchase of 3.000 shes of Sleep's 10.000 standing shares of

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Sub On July 1, 20X4, Pillow Corp. obtained sigrificant influence over Sleep Co through the purchase of 3.000 shes of Sleep's 10.000 standing shares of common stock for $20 per share On December 15, 20X4, Sleep paid $40,000 in dividends to its common stockholders Sleep's ret income for the year ended December 20X4, was $120,000, earned evenly throughout the year in its 20X4 income statement, what amount of income from the investment should low report? Multiple Choice $12.000 $6.000 536.000 O $18.000

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