On January 1, 2024, Bangle Company purchased 16% of the votingcommon stock of Sleat Corporation for $1,000,000. Bangle Companyuses the Fair Value Method to account for this investment. During2024, On Jamuary 1,2024, Bangle Company purchased \\( 16 \\% \\) of the voting common stock of Sleat Corporation for \\( \\$ 1,000,000 \\). Bangle Company uses the Fair Value Method 10 account for this inve 2 answers