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14. Young Co. acquired a 60% interest in Tomlin Corp. on December 31, 2003 for $630,000. During 2004, Tomlin had net income of $400,000 and
14. Young Co. acquired a 60% interest in Tomlin Corp. on December 31, 2003 for $630,000. During 2004, Tomlin had net income of $400,000 and paid cash dividends of $100,000. At December 31, 2004, the balance in the investment account should be $810,000. What formula/steps do I take to get $810,000
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