On January 1 of the current year, benson corporation purchased 25% of the common stock Outstanding of landon corporation for $600,000. During the year, Landon corporation reported net income of $200,000 and paid cash dividends of $80,000. The balance of the stock investments-Landon on the books of benson corporation at the end of the year is

CES Practice Question 21 On January 1 of the current year, Be Corporation reported net income of 0 13 14 20 21 38 end of the year is o $600,000. o $650,000. O $720,000. O $630,oo0. n 13