In 20x0, neil company held the following investments in common stock:
•25,000 shares of b& k inc.'s 100,000 outstanding shares. neil's level of ownership gives it the ability to exercise significant influence over the financial and operating policies of b& k.
•6,000 shares of amal corporation's 309,000 outstanding shares.
during 20x0, neil received the following distributions from its common stock investments:
november 6: $30,000 cash dividend from b& k november 11: $1,500 cash dividend from amal
december 26: 3 percent common stock dividend from amal; the closing price of this stock was $115 per share.
what amount of dividend revenue should neil report for 20x0?