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Cheyenne Co. invested $930,000 in Ayayai Co. for 25% of its outstanding stock. Ayayai Co. pays out 40% of net income in dividends each

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Cheyenne Co. invested $930,000 in Ayayai Co. for 25% of its outstanding stock. Ayayai Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Ayayai to answer the following questions. Investment in Ayayal Co. 930,000 118.000 47,200 (a) How much was Cheyenne Co's share of Ayayai Co's net income for the year? Net income (b) What was Ayayai Co's total net income for the year? Total net income $ (c) What was Ayayai Co's total dividends for the year? Total Dividends $ SUI 47,200 (a) How much was Cheyenne Co's share of Ayayai Co's net income for the year? Net income $ (b) What was Ayayai Co's total net income for the year? Total net income $ (c) What was Ayayai Co's total dividends for the year? Total Dividends $ (d) How much was Cheyenne Co's share of Ayayai Co's dividends for the year? Dividends $

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