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On January 1, 2022, Butere, Inc. purchased 20% of the outstanding shares of Busia, Corp.'s outstanding common stock for $6,461,000 ($91.00 per share). On December

On January 1, 2022, Butere, Inc. purchased 20% of the outstanding shares of Busia, Corp.'s outstanding common stock for $6,461,000 ($91.00 per share). On December 31, 2022, Busia, Corp.'s stock price had increased to $93.70, the company had reported a net profit for the year of $716,000, and the company had declared and paid a $215,000 dividend. If Butere, Inc.'s management team determined that they did not have significant influence over Busia, Corp.'s decisions, what will Butere, Inc. report on its 2022 balance sheet for its investment in Busia, Corp.?

Group of answer choices

$6,652,700

$6,561,200

$6,752,900

$6,461,000

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