Jack Corporation purchased a 25% interest in Jill Corporation for $1,520,000 on January 1, 2021. Jack can significantly influence Jill. On December 10, 2021, Jill declared and paid $1.1 million in dividends. Jill reported a net loss of $4.0 million for the year. What amount of loss should Jack report in its income statement for 2021 relative to its investment in Jill?