on january 1, hershey company paid $2085000 to acquire 69,500 shares of amplify's voting common stock, which represents a 40 percent investment. No allocations to
on january 1, hershey company paid $2085000 to acquire 69,500 shares of amplify's voting common stock, which represents a 40 percent investment. No allocations to goodwill or other specfic accounts were made, Significant influence over Amplify is achieved by the acquisition, and hershey applies the equity method. Amplify declared a $2 per share dividend during the year and reported net income o $617,000. What is the balance in the investment in Amplify accont found in Hershey's financial records as of December 31?
$2,312,800
$2,331,800
$2,192,800
$2,252,800
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