a. Samco, a public company, has a 25% interest in Tool, a joint venture. During Year 4, Tool reported net income of $190,000 and paid a dividend of $50,000. Samco sold $50,000 of inventory to Tool during Year 4, of which 60% was sold. Samco's profit margin on inventory is 20%. What is the amount of income Samco should report on its investment in Tool for Year 4? 1) $34,000 2) $35,000 3) $42,500 4) $46,500 5) $47,500