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On January 1, Year 5. Anderson Corporation paid $864,000 for 27,000 (20%) of the outstanding shares of Carter Inc. The investment was considered to be

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On January 1, Year 5. Anderson Corporation paid $864,000 for 27,000 (20%) of the outstanding shares of Carter Inc. The investment was considered to be one of significantinuene In Year 5. Carter reported profit of $102,000; in Year 6, its profit was $112.000. Dividends paidwere $67.000 in each of the two years. Required A Calculate the balance in Anderson's investment account as at December 31, Year 6

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