On January 1, Dyer Co. acquired as a long-term investment a 20% common stock interest in Eason Co. Dyer paid $700,000 for this investment

when the fair value and carrying amount of Eason’s net assets was $3.5 million. Dyer can exercise significant influence over Eason’s operating and financial policies. For the year ended December31, Eason reported net income of $400,000 and declared and paid cash dividends of $160,000. How much revenue from this investment should Dyer report for the year?

A. $32,000

B. $48,000

C. $80,000

D. $112,000