Ziegler Corporation purchased 25,000 shares of common stock of the Sherman Corporation for $40 per share on January 1, 2020 when Sherman had 100,000 shares of common stock outstanding. Sherman paid cash dividends of $150,000 during 2020, and reported net income of $500,000 for 2020. The market value of Sherman common stock was $44 at December 31, 2020. If the equity method of accounting is applied, Ziegler should report revenue from its investment for 2020 in the amount of