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On December 15, 2021, Blue Company paid $100,000 for 6,500 shares of Marble Company common stock. The ownership in Marble Company is 10%. Marble reported

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On December 15, 2021, Blue Company paid $100,000 for 6,500 shares of Marble Company common stock. The ownership in Marble Company is 10%. Marble reported net income of $63,000 for the year ended December 31, 2021. The fair value of the Marble stock on that date was $57 per share. What amount will be reported in the balance sheet of Blue Company for the investment in Marble at December 31, 20217 Multiple Choice $370,500 $310,500 There is no correct answer $325.500 $295.500

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