Woodward Enterprises received dividends from its common stock investments during the year as follows:

*	A cash dividend totaling $300,000 from its trading security investment in Stein Corporation, when the market price of Stein's shares was $30 per share
*	A cash dividend of $50,000 from Garvin Corp. in which Woodward owns a 40% interest

Show work for how much dividend income should Woodward report in its Income Statement.