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On January 1, 2014, Crane Corporation purchased 20% of the common stock outstanding of Blossom Corporation for $260000. During 2014, Blossom Corporation reported net income

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On January 1, 2014, Crane Corporation purchased 20% of the common stock outstanding of Blossom Corporation for $260000. During 2014, Blossom Corporation reported net income of $75000 and paid cash dividends of $35000. The balance of the Stock Investments-Blossom account on the books of Crane Corporation at December 31, 2014 is $260000. $295000 $335000 $268000. Marigold Company owns 20% interest in the stock of Ivanhoe Corporation. During the year, Ivanhoe pays $24100 in dividends, and reports $192000 in net income. Marigold Company's investment in Ivanhoe will increase by $33580 $24100 $38400 $43220

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