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Ivanhoe Co. irvested $910,000 in Shamrock Co. for 25% of its outstanding stock. Shamrock Co. pays out 30% of net income in dividends each year.

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Ivanhoe Co. irvested $910,000 in Shamrock Co. for 25% of its outstanding stock. Shamrock Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Shamrock to answer the following questions: (a) How much was Ivanhoe Co.'s share of Shamrock Co's net income for the year? Net income $ (b) What was Shamrock Co.'s total net income for the year? Total net income (c) What was Shamrock Co,'s total dividgnds for the year? Total Dividends $ (d) How much was Ivanhoe Co.'s share of Shamrock Co's dividends for the year? Dividends \$

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