DeMar & Company uses the equity method of accounting to account for their 50% ownership in Taco Bell (which is 1,000 shares).

Based on the transactions below, what is the ending balance for this investment?

Jan.1.2023 Investment in Associate $2,000,000

April.1.2023 Taco Bell paid out dividends of $5/share

Dec 31, 2023 Taco Bell incurred Net Income $1,000,000

Question 6 options:

	$2,255,000
	$1,755,000
	$2,505,000
	$2,000,000