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On January 1, 2022, Marigold Corp. paid $840000 for 120000 shares of Cullumber Company's common stock, which represents 25% of Cullumber's outstanding common stock. Cullumber

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On January 1, 2022, Marigold Corp. paid $840000 for 120000 shares of Cullumber Company's common stock, which represents 25% of Cullumber's outstanding common stock. Cullumber reported income of $252000 and paid cash dividends of $96000 during 2022 Marigold should report the investment in Cullumber Company on its December 31, 2022, balance sheet at $844000 $899000 O $879000 O $824000

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