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On January 1 st 2 0 2 4 , eagle corp purchased 3 0 , 0 0 0 shares ( 3 0 % of the

On January 1st 2024, eagle corp purchased 30,000 shares (30% of the outstanding stock) of Bobcat inc. for $500,000. Bet income reported by Bobcat Inc for 2024 was $180,000. Dividends paid by Bobcat Inc. during 2024 were $60,000. On december 31,2024 the Bobcat Inc stock was trading at $18 per share. After all necessary adjusting entries are made for the year, the balance in Eagle CorpLong Term investment account for jts investment in Bobcat Inc will be:

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