0, because don't record investor's there in extraordinary income in the equity method QUESTION 2 Hint. This problem has some liquidating dividends. Started a new business on Jan 1, 2016. P purchased 40% stock of Son Jan 1 2018 for $300,000. The net income and dividends paid by Stor 2018 and 2010 ww us toto Your 2018 2019 Net Income of 60,000 40.000 Dividerspreid by s 40.000 70,000 Using the cost method, the balance in the investment in S* Account in the books of P on Dec 31 2019 will be 5197,000 3296.000 5230.000 1200.000 G Sand Submit to me and mit Chek Son All Ar to all Save All Arowers SO ON DO s 2 & 3 4 { 5 0 6 7 7