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Clark Inc. purchased 1 0 % of the 1 0 , 0 0 0 shares of common stock in Nashville Inc. for $ 6 4
Clark Inc. purchased of the shares of common stock in Nashville Inc. for $ in January. Also, Shay Inc. purchased of the shares of common stock in Nashville Inc. for $ in January. In December, Nashville Inc. declared and paid a dividend of $ per share on its outstanding shares of common stock. For each investor, determine the dividend amount received, and its related impact on the Investment and Dividend Revenue accounts. Assume that Shay Inc. but not Clark Inc. has significant influence over Nashville Inc.
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