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GNK Corp. purchased 3 0 , 0 0 0 shares of the 1 0 0 , 0 0 0 outstanding shares of Bonita Corp. for
GNK Corp. purchased shares of the outstanding shares of Bonita Corp. for $ per share. During the year, Bonita Corp. reported $ of net income and paid $ in dividends. On the value of Bonita Corp.s stock is $ per share. What is the amount of income recorded in by GNK as a result of its investment in Bonita?
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