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On January 1, 2020, Marigold Corporation purchased 20% of the common stock outstanding of Ivanhoe Corporation for $262000. During 2020, Ivanhoe Corporation reported net income

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On January 1, 2020, Marigold Corporation purchased 20% of the common stock outstanding of Ivanhoe Corporation for $262000. During 2020, Ivanhoe Corporation reported net income of $77000 and paid cash dividends of $39000. The balance of the Stock Investments-Ivanhoe account on the books of Marigold Corporation at December 31, 2020 is $301000. O $262000. O $269600. O $339000

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