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On January 1, 2024, Cat Company purchased the following investments: 1) 20,000 shares (representing 35%) of AA Company stock for $23 per share. 2) 8,000

image text in transcribed On January 1, 2024, Cat Company purchased the following investments: 1) 20,000 shares (representing 35\%) of AA Company stock for $23 per share. 2) 8,000 shares (representing 14\%) of ZZ Company stock for \$15 per share. Cat Company recorded the sale of some of its investments during 2025 as follows: 1) On December 31, 2025, Cat Company sold 6,000 shares of the AA Company stock for $30 per share. 2) On September 1, 2025, Cat Company sold 3,000 shares of the ZZ Company stock for $12 per share. During 2024 and 2025, AA Company and ZZ Company reported the following information: AA Comnanv: ZZ Company: Calculate the balance in the Investment in AA Company account reported on Cat Company's December 31, 2024 balance sheet

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