On January 2, Year 1, Barber Company purchased 5,400 shares of Convell Company for $64,580. Convell Company has a tota years, Convell declared and paid cash dividends of $0.85 per share, and its net income was $76,000 and $71,000 for Year 1 an On January 2, Year 1, Barber Company purchased 5,400 shares of Convell Company for $64,580. Convell Company has a tota years, Convell declared and paid cash dividends of $0.85 per share, and its net income was $76,000 and $71,000 for Year 1 an