Homework: Chapter 15 Graded Homework Question 10, SF15-4 (similar to) Part 1 of 5 HW Score: 60.93%, 60.93 of 100 points Points: 0 of 6 Save On January 1, 2024, Wallace, Inc. decides to invest in 12,800 shares of Stallion stock when the stock is selling for $11 per share. On May 1, 2024, Stallion paid a 50 50 per share cash dividend to stockholders. On December 31, 2024, Stallion reports net income of $120,000 for 2024. Assume Stallion has 32,000 shares of voting stock outstanding during 2024 and Wallace has significant influence over Stallion Read the requirements JS 24 Priva Requirement 1. Identify what type of investment the Stallion stock is for Wallace. Wallace's investment would be investment