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On January 1 , 2 0 2 0 , Coronado Corporation purchased 3 4 % of the common stock outstanding of Sandhill Corporation for $

On January 1,2020, Coronado Corporation purchased 34% of the common stock outstanding of Sandhill Corporation for $800000. During 2020, Sandhill Corporation reported net income of $190000 and paid cash dividends of $90000. The balance of the Stock Investments-Sandhill account on the books of Coronado Corporation at December 31,2020 is
\table[[800000.],[$769400.],[$864600.],[$834000.]]
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