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Delta Corporation acquired 20% of the outstanding shares of Epsilon Inc. for $200,000. Epsilon Inc. reported net income of $400,000. Calculate the equity income from

Delta Corporation acquired 20% of the outstanding shares of Epsilon Inc. for $200,000. Epsilon Inc. reported net income of $400,000. Calculate the equity income from the investment, the carrying value of the investment on the balance sheet, the total dividend income received if Epsilon Inc. declared dividends of $2 per share, and the market value of the investment if the shares are currently trading at $15 per share.

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