Question: During calendar 2020, Davel Corp. reported net income of $45,000 and paid total cash dividends of $15,000. Ryan Inc. owns 2,250 of the 7,500 outstanding shares of Davel and exercises significant influence. How much income from its investment in Davel should Ryan report in 2020?
a. $45,000
b. $22,500
c. $13,500
d. $15,000
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