Culver Ltd. invested $1,000,000 in Gloven Corp. early in the current year, receiving 25% of its outstanding shares. At the time of the purchase, Gloven Corp. had a carrying amount of $2,650,000. Gloven Corp. pays out 35% of its net income in dividends each year. Assume that Culver Ltd. applies IFRS and that the 25% holding of Gloven shares is sufficient to enable Culver to significantly influence the operating, investing, and financing decisions of Gloven. Use the information in the following T account for the investment in Gloven to answer the following questions: Investment in Gloven Corp. 1,000,000 119,000 41,650 14,000