Dax Purchased 200 of the 500 Outstanding Minisoft Corporation Common

Dax purchased 200 of the 500 outstanding Minisoft Corporation common shares at $55 per share plus a $100 brokerage fee as an investment in an associate.If Minisoft has profit for the year of $50,000 and pays a dividend of $5/share,what information should Dax report on its income statement relating to the investment?

A) $20,000 for earnings from the investment in Minisoft
B) $50,000 in investment revenue
C) $1,000 dividend income
D) $20,000 for earnings from the investment in Minisoft and dividend income of $1,000
E) $50,000 in investment revenue and dividend revenue of $1,000