Ex Quiz Assignments - 231798 How Much Money Do You Need to start a CBD . Bharat Corporation Purchased 30% Quiz 0 Saved Help Save & Exit Su Bharrat Corporation purchased 34% of Ferris Corporation for $116,000 on January 1. On October 17 of the same year, Ferris Corporation declared total cash dividends of $28,000. At year-end, Ferris Corporation reported net income of $76,000. The balance in the Bharrat's Equity Method Investments-Ferris account at December 31 should be: Multiple Choice o o $116,000 o $106.480 o o O $132.320