13

Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,150 and $165,200 at December 31, 2020, and December 31, 2021, respectively. During 2021 Clor recognized $75,900 of net income and paid dividends of $20,850. Assuming that Bloomfield owned the same percentage of Clor throughout 2021, its percentage ownership must have been: (Round your answer to the nearest whole percent): Multiple Choice 25% 72% O 20% O 27%