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On 1/1/2019, P Company acquired 80% of S Company. During 2019, P recorded equity income 8000 JD and dividends 3000 JD. During 2020, P recorded

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On 1/1/2019, P Company acquired 80% of S Company. During 2019, P recorded equity income 8000 JD and dividends 3000 JD. During 2020, P recorded equity income 14000 JD and 0 dividends. Investment balance on 31/12/2020 is 111000 JD. Compute investment balance on 1/1/2019

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