ABC Corporation owns 60% of the voting rights in XYZ LLC, a joint venture formed to develop renewable energy projects. For the year ended December 31, 2023, ABC Corporation reported its share of XYZ LLC’s net income as $2 million. However, due to certain agreements, ABC Corporation does not fully consolidate XYZ LLC into its financial statements, and it uses the equity method for this investment. Given this context, how should ABC Corporation recognize its investment in XYZ LLC in its financial reporting?