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92. ABC Company purchased a 30% investment in XYZ Inc. for $2,400,000 on January 1 , 2025.
ABC is correctly accounting for this investment using the equity method. After accounting for
dividends received and investee net income, ABC Company reported its investment in XYZ Inc. at
$2,600,000 on December 31,2025 . On January 1, 2026, IXY Inc. issued additional shares of stock
to the public, thereby reducing ABC Company's ownership from 30% to 15%. The following
information is also reported: 1 What would ABC record for Dividend Revenue in 2028?

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