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On January 3, 2021, Roberts Company purchased 30% of the total 100,000 shares of common stock of Thomas Corporation, paying $1,500,000. There was no goodwill

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On January 3, 2021, Roberts Company purchased 30% of the total 100,000 shares of common stock of Thomas Corporation, paying $1,500,000. There was no goodwill or other cout allocation Associated with the investment. Roberts has significant influence over Thomas During 2021. Thomas reported netcome of $300.000 und pasd dividends of $100,000. On January 4, 2022, Roberts sold 15,000 shares for 5800.000 What is the balance in the investment account after the sale of the 15,000 shares A $790,000 5760,000 S780.000 0 5750,000

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