On January 2, 2020 Page Company purchased 25% of the outstanding common stock of Jobs, Inc. and subsequently used the equity method to account for the investment. During 2020 Jobs, Inc. reported net income of $1,260,000 and distributed dividends of $540,000. The ending balance in the Page's investment account at December 31, 2020 was $960,000 after applying the equity method during 2020. What was the purchase price Page Company paid for its investment in Jobs, Inc? Next