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On January 1, 2019, HK Corp. paid $800,000 for 100,000 shares of Jackie Company's common stock, which represents 30% of Jackie's outstanding common stock. Jackie

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On January 1, 2019, HK Corp. paid $800,000 for 100,000 shares of Jackie Company's common stock, which represents 30% of Jackie's outstanding common stock. Jackie reported net income of $50,000 and paid cash dividends of $6.000 during 2019. HK should report the investment in Jackie Company on its December 31, 2019, balance sheet at: $813,200 a. O b.$825.000 c. $809,500 $800,000 d

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