On july 1, year 4, fox corp. purchased 3,000 shares of owl co.'s 10,000 outstanding shares of common stock for $20 per share. on december 15, year 4, owl paid $40,000 in dividends to its common stockholders. owl's net income for the year ended december 31, year 4, was $120,000, earned evenly throughout the year. in its year 4 income statement, what amount of income from this investment should fox report?

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