At the beginning of the year, Thomson Inc. purchased 1mn shares of S&P for $25 per share. During the year S&P paid $5 in the form of final and interim dividend. At the end of financial year shares of S&P were trading at $30 per share. What amount of investment income should Thomson recognize in its income statement if S&P is considered as trading security and an available for sale security?
Trading security: Available for sale