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why is net income not recorded? I thought they were entitle to get (350,000 x 4%) = 14,000 for the income revenue

Fair Value AdjustmentEquity Investments 500 i X More Info Dec. 31: Sysky reported net income of $350,000 for the year ended 2024. Date Accounts Debit Credit Dec. 31 No entry required Jan. 14 Purchased 500 shares of Sysky stock, paying $57 per share. The investment represents 4% ownership in Sysky's voting stock. Green Back does not have significant influence over Sysky. Green Back intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.55 per share on the Sysky stock. Dec. 31 Adjusted the investment to its current market value of $56 per share. Dec. 31 Sysky reported net income of $350,000 for the year ended 2024. le Requirement 2. Classify and prepare a partial balance sheet for Green Back's Sysky investment as of December box empty; do not select a label or enter a zero.) Print Done Green Back Investments Balance Sheet (Partial)