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Wilco acquires 45,000 of the 100,000 shares of Seminole Corporation on January 1, 2022 , for $3,600,000. Seminole reports $1,000,000 of net income in 2022

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Wilco acquires 45,000 of the 100,000 shares of Seminole Corporation on January 1, 2022 , for $3,600,000. Seminole reports $1,000,000 of net income in 2022 and paid $100,000 in dividends. What amount will Wilco report for this investment on December 31,2022 ? $405,000$4,005,000$4,050,000$3,600,000

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