6. On January 1, Tasty Foods purchased 3,000 shares (30%) of Eco-Safe Packaging's voting stock for $12 per share. On December 31, Eco- Safe Packaging reports net income $10,000 and a total dividend payment of $2,000, and the stock price dropped to $10 per share. For how much would Tasty Foods report its investment in Eco-Safe Packaging at the end of the year? (LO8-4) a. $30,000. b. $38,400. c. $36,000. d. $39,000.

On January 1, Tasty Foods purchased 3,000 shares (30\%) of Eco-Safe Packaging's voting stock for $12 per share. On December 31, EcoSafe Packaging reports net income $10,000 and a total dividend payment of $2,000, and the stock price dropped to $10 per share. For how much would Tasty Foods report its investment in Eco-Safe Packaging at the end of the year? (9 LO8-4) a. $30,000. b. $38,400. c. $36,000. d. $39,000. On January 1, Tasty Foods purchased 3,000 shares (30\%) of Eco-Safe Packaging's voting stock for $12 per share. On December 31, EcoSafe Packaging reports net income $10,000 and a total dividend payment of $2,000, and the stock price dropped to $10 per share. For how much would Tasty Foods report its investment in Eco-Safe Packaging at the end of the year? (9 LO8-4) a. $30,000. b. $38,400. c. $36,000. d. $39,000