On January 1, 2020, Bonita Corporation purchased 36% of the common stock outstanding of Sandhill Corporation for $650000. During 2020, Sandhill Corporation reported net income of $210000 and paid cash dividends of $120000. The balance of the Stock InvestmentsSandhill account on the books of Bonita Corporation at December 31, 2020 is

On January 1, 2020, Bonita Corporation purchased 36% of the common stock outstanding of Sandhill Corporation for $650000. During 2020, Sandhill Corporation reported net income of $210000 and paid cash dividends of $120000. The balance of the Stock Investments-Sandhill account on the books of Bonita Corporation at December 31, 2020 is $725600. O $682400. $606800. $650000