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13 Justpassme Inc. acquires exactly 32% of the voting common stock of summerishere.com for $1,500,000 and holds a seat on the board. summerishere.com reports $352,000

13 Justpassme Inc. acquires exactly 32% of the voting common stock of summerishere.com for $1,500,000 and holds a seat on the board. summerishere.com reports $352,000 earnings for the year and pays $98,000 in cash dividends. What does Justpassme recognize on its Income Statement and Balance Sheet? Income Statement Balance Sheetimage text in transcribed

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