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Emma Company owns 7% of Noah Company. Emma paid $63,400 for its investment. Noah Companys net income and dividends as a whole are reported as

Emma Company owns 7% of Noah Company. Emma paid $63,400 for its investment.

Noah Companys net income and dividends as a whole are reported as

Year Net Income Dividends

2017 100,000 110,000

2018 90,000 90,000

The income recognized by Emma on the Noah Co Investment in 2018 would be $___________

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