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31 Nott wered On wy 2. Year 2, Martin Corporation purchased 16% of Harlton Corporations common stock for $51,000. Hamilton's net income for the years
31 Nott wered On wy 2. Year 2, Martin Corporation purchased 16% of Harlton Corporations common stock for $51,000. Hamilton's net income for the years ended December 31, Year 2 was $17.000. During Year 2. Hamilton declared and paid total dividends of 566,000. On December 31, Year 2. the fair value of the Hamilton stock owned by Martin had increased to $72,000. How much income should Martin showin its Year 2 income statement as income from this investment? Doints out of Select one: a $28,000 OS10.560 Oc$22,000 od $37.560 Oe. None of these choices
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