50 QUESTION 13 Company P purchased 40% stock in Company Son Jan 1, 20x1 for $200.000, 20X1 is also the first year of operations of Company S. The net Income of Company S and the dividend paid by it in the year 20X1 is $70,000 and $100,000 respectively. Under the Cost method, the increase in the net income of related to its investment in Company S, for the year 20X1 will be Hint Look for liquidating dividend $8.000 $40.000 $192.000 $28,000 DIEETION de and Submit to see and submit. Click Se All Answers to stall ans Save An An