Anderson acquires 10 percent of the outstanding voting shares of Barringer on January 1, 2013, for $101,100 and categorizes the investment as an available-for-sale security. An additional 20 percent of the stock is purchased on January 1, 2014, for $246,850, which gives Anderson the ability to significantly influence Barringer. Barringer has a book value of $887,000 at January 1, 2013, and records net income of $255,000 for that year. Barringer declared and paid dividends of $90,000 during 2013. The book values of Barringers asset and liability accounts are considered as equal to fair values except for a copyright whose value accounted for Andersons excess cost in each purchase. The copyright had a remaining life of 16 years at January 1, 2013.