Novak Co. invested $1,070,000 in Splish Co. for 25% of its outstanding stock, Splish Co.pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Splish to answer the following questions Investment in Splish Co. 1,070,000 99.000 29.700 (a) How much was Novak Co's share of Splish Co's net income for the year? Net income (b) What was Splish Co's total net income for the year? Total net income