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2. Harrison Co. owns 20,000 of the 50,000 outstanding ordinary shares of Taylor, Inc. During 2011, Taylor earns $700,000 and pays cash dividends of $540,000.

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2. Harrison Co. owns 20,000 of the 50,000 outstanding ordinary shares of Taylor, Inc. During 2011, Taylor earns $700,000 and pays cash dividends of $540,000. If the beginning balance in the investment account was $600,000, the balance at December 31, 2011 should be (2 Points) 5620,000 5664,000 5564.000 5600,000

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