ions Book Question 10 On January 1, 2020, Mehan, Incorporated purchase 15.00 Cook. The fair value of the 15% investment was the purchased an additional 25,000 shares (25%of Cock over Cook. The book value of Cook on January 1, 2020 was 100 excess of cost over book value for this second transactions Cook reports net income and dividends as follows. These out Net Income Dividends 2020 $ 200,000 $50,000 2021 225,000 50,000 2022 250,000 60,000 On April 1, 2022, just after its first dividend receipt Melon ses 10.000 What is the balance in the investment account for the 15% owners $172,500 $170,000 180,000 . ions Book Question 10 On January 1, 2020, Mehan, Incorporated purchase 15.00 Cook. The fair value of the 15% investment was the purchased an additional 25,000 shares (25%of Cock over Cook. The book value of Cook on January 1, 2020 was 100 excess of cost over book value for this second transactions Cook reports net income and dividends as follows. These out Net Income Dividends 2020 $ 200,000 $50,000 2021 225,000 50,000 2022 250,000 60,000 On April 1, 2022, just after its first dividend receipt Melon ses 10.000 What is the balance in the investment account for the 15% owners $172,500 $170,000 180,000