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Jacana Corporation paid $200,000 for a 25% interest in Lilypad Corporation's common stock on January 1, 2010, and was able to exercise significant influence over

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Jacana Corporation paid $200,000 for a 25% interest in Lilypad Corporation's common stock on January 1, 2010, and was able to exercise significant influence over Lilypad. During 2011, Jacana reported income of $120,000, excluding its income from Lilypad, and paid dividends of $50,000. Lilypad reported net income of $40,000 during 2011 and paid dividends of $20,000. Fill the amounts for each below and show your work: 1.Jacana's 2011 Net income 2. Jacana's investment ending balance

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