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On January 1 , Year 2 , Justo purchases 3 0 , 0 0 0 shares of the 1 0 0 , 0 0 0
On January Year Justo purchases shares of the outstanding shares of stock in Bonita Corp. for $ per share. During the year, Bonita Corporation has $ of net income and pays $ in dividends. On December Year the value of a share of Bonita Corporation stock is $ per share. Assuming Justo uses the equity method of accounting for Bonita stock, what is the amount shown for Investment in Bonita on the December Year balance sheet?
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