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Irwin Corporation acquired a 20% interest in Allen Corporation on December 31, 2017 for $135,000. During 2018, Allen had a net income of $75,000 and

Irwin Corporation acquired a 20% interest in Allen Corporation on December 31, 2017 for $135,000.

During 2018, Allen had a net income of $75,000 and paid a cash dividend of $30,000.Assuming

Irwin did not have significant influence over Allen Corporation, what is the balance in the investment

account on December 31, 2018?

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