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On January 1, 2021, Novak Corporation purchased 38% of the common shares of Marigold International Ltd. During 2021, Novak paid dividends of $86000 and Marigold

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On January 1, 2021, Novak Corporation purchased 38% of the common shares of Marigold International Ltd. During 2021, Novak paid dividends of $86000 and Marigold paid dividends of $55000. Assuming Novak has no other equity investments, the year-end balance in Novak's Dividend Income account would be $55000. $20900. $0. $86000

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