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Martinez Co. invested S990,000 in Sandhill Co. for 25% of its outstanding stock. Sandhill Co. pays out 40% of net income in dividends each year.

Martinez Co. invested S990,000 in Sandhill Co. for 25% of its outstanding stock. Sandhill Co. pays out 40% 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. (a) How much was Martinez Co.'s share of Sandhill Co.'s net Income for the year? (b) What was Sandhill Co.'s total net income for the year? (c) What was Sandhill Co.'s total dividends for the year? (d) How much was Martinez Co.'s share of Sandhill Co.'s dividends for the year

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