Martinez Co$.$ invested $$910,000$ in Sandhill Co$.$ for $25\%$ of its outstanding stock. Sandhill Co$.$ pays out $30\%$ of net income in dividends each year.

Use the information in the following T$-$account for the investment in Sandhill to answer the following questions.

Investment in Sandhill Co$.$

$910,000$

$106,000$

$31,800$

$($a$)$ How much was Martinez Co$.$s share of Sandhill Co$.$s net income for the year?

Net income $enter the net income in dollars

$($b$)$ What was Sandhill Co$.$s total net income for the year?

Total net income $enter the total net incom in dollars

$($c$)$ What was Sandhill Co$.$s total dividends for the year?

Total Dividends $enter the total dividends in dollars

$($d$)$ How much was Martinez Co$.$s share of Sandhill Co$.$s dividends for the year?

Dividends $enter the dividends in dollars

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