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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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