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On December 31, Otto Company reported a net loss of $4.0 million for the year. What amount of loss should James Wabash Inc. report on

On December 31, Otto Company reported a net loss of $4.0 million for the year. What amount of loss should James Wabash Inc. report on its income statement for 2021 relative to its investment in Otto Company? Group of answer choices $1,525,000 $1,200,000 $1,635,000 $1,195,000

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