On February 15, Jewel Company buys 7,500 shares of Marcelo Corporation at $28.58 per share. The stock is classified as a stock investment with insignificant influence. This is the company's first and only stock investment. On March 15, Marcelo Corporation declares a dividend of $1.20 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corporation stock on November 17 of the current year for $29.35 per share. The fair value of the remaining 3,750 shares is $29.55 per share. The amount that Jewel Company should report in the asset section of its year-end December 31 balance sheet for its investment in Marcelo Corporation is: Multiple Choice O O O $214,770. $6,195. $2,402 $3,428 $110,812

On February 15, Jewel Company buys 7500 shares of Marcelo Corporation at $28. 58 per share. The stock is classified as a stock investinent with insighificant influence. This is the company's first and only stock imvestment On March 15 . Marcelo Corporation dechares a dividend of 5120 per share payabie to stocholders of record on April 15. Jewel Company receved the dividend on April 15 and ultimately sells half of the Marcelo Corporation stock on November 17 of the curtent. year for $2935 per share. The fair value of the remaining 3,750 shares is 52955 per share. The amount that Jewel Company should teport in the asset section of its yearend December 31 balance sheet for its investment in Marcelo Corporation is: Muliple Choice $214770 56395 52,402 43.428 510882