Gilman Company Purchased 100,000 of the 250,000 Shares of Common

Gilman Company purchased 100,000 of the 250,000 shares of common stock of Burke Corporation on January 1, 2010, at $40 per share as a long-term investment. The records of Burke Corporation showed the following on December 31, 2010: How much should Gilman Company report as investment income from the Burke investment during 2010?

A) $230,000
B) $30,000
C) $218,000
D) $12,000