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6.353 17.549 37.280 63.440 Question 2 On January 1, 2021, ABC Company purchased 11,000 shares (17%) of Riley Corp stock for $140,000. During 2021, Riley

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6.353 17.549 37.280 63.440 Question 2 On January 1, 2021, ABC Company purchased 11,000 shares (17%) of Riley Corp stock for $140,000. During 2021, Riley Corp reported a net income of $73,000 and paid dividends totaling $21,000. At December 31, 2021 the Riley Corp stock was worth $17.50 per share. Calculate the balance in the investment in Riley Corp account at December 31, 2021. Question 3

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