B1-39 Reporting Equity Investments; 20%-50% Ownership Obj. 3 Pascal Inc. acquired 40% of the outstanding common stock of Andres Corporation for $1,200,000. During the year, Andres Corporation reported net income of $220,000 and paid dividends of $45,000. Explain how Pascal Inc. would report its investment in Andres Corporation on its year-end balance sheet (classification and amount). > (