On January 1, 2014, ABC Incorporated paid 572,000 cash for 80% of XYZ Company's common stock. At that time ABC had $40,000 capital stock and $30,000 retained coming The book values of XYZ'S assets and abilities were equal to fair values, and any excess amount is allocated to goodwill XYZ reported net income of $18,000 during 2014 and declared 55.000 dividends on December 31, 2014 What is the investment account balance of ABC Incorporated on December 312014? 81.400 80,000 32,400 90,000