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On January 1, 2020, Good Corp. paid $811,048 for 100,000 shares of Orange Company's common stock, which represents 30% of Orange's outstanding common stock. Orange
On January 1, 2020, Good Corp. paid $811,048 for 100,000 shares of Orange Company's common stock, which represents 30% of Orange's outstanding common stock. Orange reported net income of $236,977 and paid cash dividends of $63,025 during 2020. Good should report the investment in Orange Company on its December 31, 2020, balance sheet at:
Round your answer to 2 decimal places.
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