Situation 1: Bramble Inc. received dividends from its common share investments during the year ended December 31, 2023, as
follows:
• A cash dividend of $12,800 is received from Peel Corporation. Bramble owns a 9% interest in Peel.
• A cash dividend of $50,000 is received from Vonna Corporation. Bramble owns a 29% interest in Vonna and a majority of
Bramble's directors are also directors of Vonna.
• A cash dividend of $72,600 is received from Express Inc., a subsidiary of Bramble.
For situation 1, determine how much dividend income Bramble should report on its 2023 consolidated statement of
comprehensive income.
Dividend income to be reported by Bramble Inc. $
