Calculate the selling price of the investment sold on December $31,2028.$

On January 1, 2027, Kasson Company acquired 40% of I JK Company's common stock for $183,. Kasson Company's December 31, 2027 balance sheet reported an Investment in I JK Company with a $216, 780 balance. At December 31, 2028, Kasson Company sold one-fourth of its investment in IJK Company. Kasson Company reported a gain on the sale of the investment of $7, 745. IJK Company reported net income and paid dividends as fol lows : Net income Total dividends paid Calculate the selling December 31, 2028. 2027 7 $12 , 2028 $136, $ 16,000 price of the investment sold on