At July 1,20X2 UR Covered Insurance Co Had Investments Integral

At July 1,20X2 UR Covered Insurance Co had investments integral to its general insurance activities with a net market value of $60 million.During the year,UR Covered received dividends and interest of $8 million with accrued interest receivable of $800 000.UR Covered acquired additional investments at a cost of $9.5 million and sold some investments for $7 million.The investments that were sold were carried at $8 million.At the end of the year,the investment portfolio had an estimated market value of $6.1 million.In accordance with AASB 1023,UR Covered should show their total investment revenue for the year as

A) $7.3 million
B) $7.8 million
C) $7.0 million
D) $8.8 million