Breath Corporation earns $720,000 and pays cash dividends of $240,000 during 2018. If the beginning of the year balance in the account was $900,000? $1, 176,000. $980,000. $1, 104,000. $1, 440,000. How much investment income should report in 2018? $240,000. $215,000. $144,000. $720,000. Myers Company acquired a 60% interest in Gannon Corporation on December 31, 2017 for $1, 775,000. During 2018, Gannon had net income of $1,000,000 and paid cash dividends of $250,000. At December 31, 2018 the balance in the investment account should be $1, 775,000. $2, 375,000. $2, 225,000. $2, 525,000