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On January 2 , 2 0 2 5 , Sunland Company purchased 3 0 % of the outstanding common stock of Carla Vista, Inc. and

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On January 2,2025, Sunland Company purchased 30% of the outstanding common stock of Carla Vista, Inc. and subsequently used the equity method to account for the investment. During 2025, Carla Vista reported net income of $1200000 and distributed dividends of $510000. The ending balance in the Investment in Sunland account at December 31,2025 was $930000 after applying the equity method during 2025. What purchase price did Sunland pay for its investment in Carla Vista, Inc.?
$1443000
$1137000
$723000
$417000
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