Flounder Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc. on December 31, 2020. The purchase price was $1,310,000 for 52,400 shares. Kulikowski Inc. declared and paid an $0.75 per share cash dividend on June 30 and on December 31,2021 . Kulikowski reported net income of $667,000 for 2021 . The fair value of Kulikowski's stock was $28 per share at December 31, 2021