On January 1, Year 1, Sumace Corporation purchased shares ofZotware Corp. as a long-term investment for a total of 5,000 sharesrepresented 5,000 shares of Zotware $215,000 The 40% of theoutstanding On January 1, Year 1, Sumace Corporation purchased 5,000 shares of Zotware shares of Zotware Corp. as a long-term investment for a total of \\( \\$ 215,000 \\) The 5,000 shares represented \\( 40 \\% 0 answers