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Cullumber Co, invested $1,080,000 in Riverbed Co. for 25% of its outstanding stock. Riverbed Co, pays out 40% of net income in dividends each year.

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Cullumber Co, invested $1,080,000 in Riverbed Co. for 25% of its outstanding stock. Riverbed Co, pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Riverbed to answer the following questions. (a) How much was Cullumber Co's share of Riverbed Co's net income for the year? Netincome (b) What was Riverbed Co's total net income for the year? Total net income (c) What was Riverbed Co's total dividends for the year? Total Dividends (d) How much was Cullumber Ca's share of Riverbed Co's dividends for the year

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