2 points Save Answe ring January 2013, Webb, Inc. acquired 30% of the outstanding common stock of Wilson C forst 200 000 This investment gave Webb the ability to exercise significant influence over Wilson. Wilson's assets On that date were recorded at $6,400,000 with liabilities of $3,000,000 (BV). Any excess of cost over book value of Webb's investment was attributed to unrecorded patents having a remaining useful life of ten years. In 2013, Wilson reported net income of $600,000. For 2013, Wilson reported net income of $750,000. Dividends of $500,000 were paid in each of these two years. What was the reported balance of Webb's Investment in Wilson Co. at December 31, 20147 $1,449,000 $1,485,000. O $1,269,000. O $1,305,000. O $ 854,300