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Justpassme Inc. acquires exactly 3 4 % of the voting common stock of summerishere.com for $ 3 , 5 0 0 , 0 0 0

Justpassme Inc. acquires exactly $34 %$ of the voting common stock of

summerishere.com for $ $3, 500, 000$ and holds a seat on the board.

winterishere.com

reports $ $798, 000$ earnings for the year and pays $ $188, 000$ in cash dividends. What does Justpassme recognize on its Income Statement and Balance Sheet?

Income Statement

Balance Sheet

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