4. Use the following information to answer Questions. Suppose Company Pacquired 40% of the shares of Company A for $1,5 million on January 1, 2007. During the year, Company A earned $500,000 and paid dividends of $125,000/ At the end of 2007, Company P reported investment in Company A as: A. $1.5 million B. $1.65 million. C. $1.7 million. Company P reported investment income of: A. $50,000. B. $150,000 C. $200,000 Company P received cash flow from the investee of