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On January 2012 January 1, 2014, Puma Corporation acquired 30 percent of Slume Company's stock for 1 $150,000. Onth 0 . On the acquisition date.

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On January 2012 January 1, 2014, Puma Corporation acquired 30 percent of Slume Company's stock for 1 $150,000. Onth 0 . On the acquisition date. Slume reported net assets of $450,000 valued at historical cost and $500,000 stated at fair value. The difference was due to the increased value of buildings with a remaining life of 10 years. During 2014 Slume reported net income of $25,000 and paid dividends of $10,000. Puma uses the equity method. cquis net a: liab sets ass 18. abo What amount of investment income will be reported by Puma for the year 2014? a. $7,500 b. $6,000 c. $4,500 d. $25,000

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