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Current Attempt in Progress On January 1 , 2 0 2 0 , Waterway Corporation purchased 3 4 % of the common stock outstanding of

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On January 1,2020, Waterway Corporation purchased 34% of the common stock outstanding of Carla Vista Corporation for $720000. During 2020, Carla Vista Corporation reported net income of $210000 and paid cash dividends of $100000. The balance of the Stock Investments-Carla Vista account on the books of Waterway Corporation at December 31,2020 is
$791400.
$720000.
$757400.
$686000.
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