Copper Company Purchased 40% of the Common Stock of York $\begin{array}{lr}2014 \text { net income } & \$ 290,000 \\\text { Dividends declared and paid during December, 2014 } & \$ 20,000\end{array}$

Multiple Choice

Copper Company purchased 40% of the common stock of York Corporation on January 1, 2014, for $2,000,000 as a long-term investment. The records of York Corporation showed the following on December 31, 2014: $\begin{array}{lr}2014 \text { net income } & \$ 290,000 \\\text { Dividends declared and paid during December, 2014 } & \$ 20,000\end{array}$ How much investment income should Copper report from the York investment during 2014?

A) $290,000.
B) $108,000.
C) $116,000.
D) $8,000.