Belden, Inc., acquires 30 percent of the outstanding voting shares of Sheffield, Inc, on January 1, 2020, for $312,000, which gives Belden the ability to significantly influence Sheffield. Sheffield has a net book value of $800,000 at January 1, 2020. Sheffield's asset and liability accounts showed carrying amounts considered equal to fair values, except for a copyright whose value accounted for Belden's excess cost over book value in its 30 percent purchase. The copyright had a remaining life of 16 years at January 1,2020 . No. goodwill resulted from Belden's share purchase. Sheffield reported net income of $180,000 in 2020 and $230,000 of net income during 2021 . Dividends of $70,000 and $80,000 are declared and paid in 2020 and 2021 , respectively. Belden uses the equity method.
On its 2021 comparative income statements, how much income would Belden report for 2020 and 2021 in connection with the company's investment in Sheffield?