Help Save & Exit Submit Bharrat Corporation purchased 41% of Ferris Corporation for $101,000 on January 1. on October 17 of the same year Ferris Corporation declared total cash dividends of $13,000. At year-end, Ferris Corporation reported net income of $61,000. The balance in the Bharrat's Equity Method Investments-Ferris account at December 31 should be Multiple Choice $126,010 $120,680 $95.670