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Blue Company owns 35% interest in the stock of Grouper Corporation. During the year, Grouper pays $88000 in dividends to Blue, and reports $423000 in

Blue Company owns 35% interest in the stock of Grouper Corporation. During the year, Grouper pays $88000 in dividends to Blue, and reports $423000 in net income. Blue Companys investment in Grouper will increase Blue net income by

$125550.

$88000.

$148050.

$37550.

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