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On January 1, 2017, Sunland Corporation purchased 20% of the common stock outstanding of Wildhorse Corporation for $281000. During 2017, Wildhorse Corporation reported net income

On January 1, 2017, Sunland Corporation purchased 20% of the common stock outstanding of Wildhorse Corporation for $281000. During 2017, Wildhorse Corporation reported net income of $78000 and paid cash dividends of $43000. The balance of the Stock Investments -Wildhorse account on the books of Sunland Corporation at December 31, 2017 is $281000. $288000. $324000. $359000

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