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BE 131: On January 1, 2008, Owen Company purchased 5,000 shares of Jen Company stock for $300,000. Owens investment represents 10 percent of the total

BE 131: On January 1, 2008, Owen Company purchased 5,000 shares of Jen Company stock for $300,000. Owens investment represents 10 percent of the total outstanding shares of Jen. During 2008, Jen paid total dividends of $100,000 and reported net income of $250,000. What revenue does Owen report related to this investment and what is the amount to be reported as an investment in Jen stock at December 31?

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