Bharrat Corporation purchased 41% of Ferris Corporation for $101000 on January 1 On October 17 of the same year. Ferris Corporation declared total cash dividends of $13,000 At year-end. Ferns Corporation reported net income of $61,000. The balance in the Bharrat Corporation's Long-Term Investment-Femes account at December 31 should be $126, 010. $95.670. $81, 320. $101,000 $120.680