On January 2, 2018 Cullumber Company purchased 30% of the outstanding common stock of Jobs, Inc, and subsequently used the equity method to account for the investment. During 2018 Jobs, Inc, reported net income of exist1270000 and distributed dividends of exist545000. The ending balance in the Investment in Cullumber Company account at December 31, 2018 was exist965000 after applying the equity method during 2018. What was the purchase price Cullumber Company paid for its investment in Jobs, Inc? exist420500 exist1509500 exist747500 exist1182500