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Kretsmart has significant influence by owning 40,000 of the 100,000 outstanding shares of Jaunty Coffee Co. W common stock. During the current year, Jaunty Coffee

 Kretsmart has significant influence by owning 40,000 of the 100,000 outstanding shares of Jaunty Coffee Co. W common stock. During the current year, Jaunty Coffee Co. earns $640,000 and pays cash dividends of $480,000, What amount represents the resulting increase in the Equity Investment account?

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