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On 1/1/19, Investor purchased 3,000,000 of the outstanding 10,000,000 shares of Investee for $2,000,000. For 2019,...

On 1/1/19, Investor purchased 3,000,000 of the outstanding 10,000,000 shares of Investee for $2,000,000. For 2019, Investee declared total dividends to all shareholders of $275,000 and reported Net Income of $1,250,000. What effect will this investment have on Investor’s 2019 Net Income?

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