Bharrat Corporation purchased 35% of Ferris Corporation for $115,000 on January 1, On October 17 of the same year, Ferris Corporation declared total cash dividends of $27.000. At year-end, Ferris Corporation reported net income of $75.000 The balance in the narrat Corporation's Long-Term Investment-Ferris account at December 31 should be Multiple Choice $98,200. $105,550. O $141,250 O $131,800. $115,000