Franklin purchases 40 percent of Johnson Company on January 1 for $589,900. Although Franklin did not use this acquisition gave Franklin the abilty to apoly significant influence to Johnson's operating and financing policies, Johnson reports assets on that date of $1499.000 with abities of $575.000. One building with a seven-year remaining life is undervalued on Johnson's books by $155.750. Also, Johnson's book value for its trademark 110 year remaining life is undervalued by $395,000. During the year, Johnson reports net income of $164.000 white declaring dividends of $100.000 What is the investment in Johnson Company balance fequity method) in Franklin's financial records as of December 317 Multiple Choice $656,400 5590.800 $599,00 5615,500