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On January 1, 2020, Loko Corporation purchased 25% of the common stock outstanding of Temne Corporation for $270,000. During 2020, Temne Corporation repo of $80,000

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On January 1, 2020, Loko Corporation purchased 25% of the common stock outstanding of Temne Corporation for $270,000. During 2020, Temne Corporation repo of $80,000 and paid cash dividends of $40,000. The balance of the Stock Investments- Loko account on the books of Temne Corporation at December 31, 2020 is a. $270,000 b. $280,000 C. $350,000 d. $310,000

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