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On January 1, 2020, jones Corporation purchased 25% of the common stock outstanding of Betz Corporation for $200,000. During 2020h, Betz Corporation reported net Income

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On January 1, 2020, jones Corporation purchased 25% of the common stock outstanding of Betz Corporation for $200,000. During 2020h, Betz Corporation reported net Income of $80,000 and paid cash dividends of 548,000. The balance of the Stock Investments-Betz account on the books of Jones Corporation at December 31, 2020, is $200,000 6.5192,000 $220,000 5208,000

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