ces Port Company purchased 33,000 of the 110,000 outstanding shares of Sund Company common stock on January 1, 20X2, for $188,000. The purchase price was equal to the book value of the shares purchased. Sund reported the following: Year Net Income Dividends 20x2 20X3 20X4 $ 54,000 $ 39,000 44,000 7,000 Required: Compute the amounts Port Company should report as the carrying values of its investment in Sund Company at December 31, 20X2, 20X3, and 20X4. 20X2 20X3 20X4 Amounts Next < Prev 2 of 4 Next >