Exercise 17-13 Pharoah Co. invested $930,000 in Novak Co. for 25% of its outstanding stock. Novak Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Novak to answer the following questions. Investment in Novak Co 930,000 118,000 47,200 (a) How much was Pharoah Co.s share of Novak Co.s net income for the year? Net income (b) What was Novak Co.'s total net income for the year? Total net income (c) What was Novak Co.s total dividends for the year? Total Dividendss (d) How much was Pharoah Co.s share of Novak Co.s dividends for the year? Dividends