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hi I need help answering the spelling question can you help me step-by-step thank you Jack Corporation purchased a 21% interest in Jill Corporation for

hi I need help answering the spelling question can you help me step-by-step thank you image text in transcribed
Jack Corporation purchased a 21% interest in Jill Corporation for $1,800,000 on January 1, 2021. Jack can significantly influence Jill. On December 10, 2021, Jill declared and paid $10 million in dividends. Jill reported a net loss of $7.0 million for the year. What amount of loss should Jack report in its income statement for 2021 relative to its investment in Jill? Multiple Choice $1,470,000 $1,695,000 $1,000,000 $1,800,000

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