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An investor company purchased 110,000 shares of common stock of the investee company on January 2, 2021. The investee company had 500,000 shares of common
An investor company purchased 110,000 shares of common stock of the investee company on January 2, 2021. The investee company had 500,000 shares of common stock outstanding during 2021, declared and paid cash dividends of $129,000 during 2021, and reported net income of $743,000 for 2021. If the investor company uses the equity method of accounting for its investment in the investee company, the investor company should report revenue from investment (or Investment Income) for 2021 in the amount of $_ (Do not round your answer for any part of the computation.)
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