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Bridgeport Co. invested $990,000 in Indigo Co. for 25% of its outstanding stock. Indigo Co. pays out 40% of net income in dividends each year.

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Bridgeport Co. invested $990,000 in Indigo Co. for 25% of its outstanding stock. Indigo Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Indigo to answer the following questions. Investment in Indigo Co. 990,000 117,000 46,800 (a) How much was Bridgeport Co?s share of Indigo Cos net income for the year? Net income $ (b) What was Indigo Co's total net income for the year? Total net income (c) What was Indigo Co's total dividends for the year? Total Dividends $ (d) How much was Bridgeport Co's share of Indigo Co's dividends for the year? Dividends $

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