Copper Company Purchased 40% of the Common Stock of York

Multiple Choice

Copper Company purchased 40% of the common stock of York Corporation on January 1, 2016, for $2,000,000 as a long-term investment. The records of York Corporation showed the following on December 31, 2016: How much investment income should Copper report from the York investment during 2016?

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