Assume that, on January 1, 2021, Sosa Enterprises paid $2,180,000 for its investment in 30,000 shares of Orioles Co. Further, assume that Orioles has 100,000 total shares of stock issued and estimates an eight-year remaining useful life and straight-line depreciation with no residual value for its depreciable assets. At January 1, 2021, the book value of Orioles' identifiable net assets was $7,200,000, and the fair value of Orioles was $10,000,000. The difference between Orioles' fair value and the book value of its identifiable net assets is attributable to $1,800,000 of land and the remainder to depreciable assets. Goodwill was not part of this transaction. The following information pertains to Orioles during 2021: Net Income Dividends declared and paid Market price of common stock on 12/31/2021 $500,000 $300,000 $ 80/share What amount would Sosa Enterprises report in its year-end 2021 balance sheet for its investment in Orioles Co.? Assume that, on January 1, 2021, Sosa Enterprises paid $2.180,000 for its investment in 30,000 shares of Oricles Co. Further, assume that Orioles has 100,000 total shares of stock issued and estimates an eight year remaining useful life and straight-line depreciation with no residual value for its depreciable assets. At January 1, 2021, the book value of Orioles' identifiable net assets was $7,200,000, and the fair value of Orioles was $10,000,000. The difference between Orioles' fair value and the book value of its identifiable net essets is extributable to $1,000,000 of lend and the remainder to depreciable assets. Goodwill was not part of this transaction. The following information pertains to Orioles during 2021: Net Incone Dividends declared and paid Market price of common stack on 12/31/2021 $500,000 $300,000 $ 80/share What amount would Soss Enterprises report in its year-end 2021 balance sheet for its investment in Orioles Co.? Multiple Choice 0 0 0 0 $2,340 G07 32.330.000 $2,292,500. $2,202,500