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5. Cullumber Corporation earns $730,000 and pays cash dividends of $245,000 during 2018. Dexter Corporation owns 3100 of the 10000 outstanding shares of Cullumber. How

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5. Cullumber Corporation earns $730,000 and pays cash dividends of $245,000 during 2018. Dexter Corporation owns 3100 of the 10000 outstanding shares of Cullumber. How much investment income should Dexter report in 2018? a. $226,300. b. $730,000. c. $150,350

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