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On January 1, 2020 Garner Corporation purchased 30% of the ordinary shares outstanding of Landon Corporation for $500,000. During 2020, Landon Corporation reported net income

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On January 1, 2020 Garner Corporation purchased 30% of the ordinary shares outstanding of Landon Corporation for $500,000. During 2020, Landon Corporation reported net income of $200,000 and paid cash dividends of $100,000. The balance of the Share Investments--Landon account on the books of Garner Corporation at December 31, 2020 is Select one: o $530,000 O $600,000 $500,000 e $700,000

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