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33. Pental Corporation bought 90% ofSedacor Company's common stock at its book value of$400,000 on January 1, 2014. During 2014, Sedacor reported net income of

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33. Pental Corporation bought 90% ofSedacor Company's common stock at its book value of$400,000 on January 1, 2014. During 2014, Sedacor reported net income of $130,000 and paid dividends of $40,000. At what amount should Pental's Investment in Sedacor account be reported on December 31. 2014

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