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Cullumber Company owns 4100 of the 10000 outstanding shares of Vaughn Corporation common stock. During 2021, Vaughn earns $460000 and pays cash dividends of $151000.

Cullumber Company owns 4100 of the 10000 outstanding shares of Vaughn Corporation common stock. During 2021, Vaughn earns $460000 and pays cash dividends of $151000. If the beginning balance in the investment account was $910000, the balance at December 31, 2021 should be

$1098600.

$910000.

$1219000.

$1036690.

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