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At the beginning of the year, a company purchased 46,300 of Alpha Corp.common shares at $14.30 per share. Alpha Corp. had 231,500 common shares outstanding.

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At the beginning of the year, a company purchased 46,300 of Alpha Corp.common shares at $14.30 per share. Alpha Corp. had 231,500 common shares outstanding. These shares traded at $14.50 per share at year end. During the year, Alpha Corp. reported a $254,000 profit and issued cash dividends of $47,600. Answer the following questions. Don't round your numbers while doing your calculations. Calculate to the nearest dollar with commas or dollar signs, e.g., 15000. 1. What is the balance of the Investment account at year-end? (nearest dollar without comma or dollar sign, e.g. 21512): 2. What the investment income for the year? (nearest dollar without comma or dollar sign, e.g. 21512)

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