HW 17-8 Equity Method-Significant Influence Judd Co. invested $5,000,000 in Jones, Inc. for 30% of its outstanding stock. At the time of the purchase, Jones had a book value of $15,000,000. Jones, Inc. pays out 75% of net income in dividends each year. Use the information in the following T-account for the investment in Jones, Inc. to answer the following questions. Investment in Jones, Inc. $5,000,000 360,000 270,000 a. How much was Judd's share of Jones, Inc. net income for the year? b. How much was Judd's share of Jones, Inc. dividends for the year? c. What was Jones, Inc. total net income for the year? d. What was Jones, Inc. total dividends for the year