On January 3, 2021, Robinson Company purchased 40,000 shares (40%) of common stock of Timberland Corporation, paying $560,000. At that time, the book value and fair value of Timberland's net assets was $1,400,000. The investment gave Robinson the ability to exercise significant influence over the operations of Timberland. During 2021, Timberland reported net income of $150,000 and paid dividends of $40,000. On January 2, 2022, Robinson sold 30,000 shares for $475,000, reducing its interest from 40 to 10 percent and thus losing its significant influence. 2022 Timberland's net income was $120,000 and dividends $30,000. Fair value of Timberland' stock was $160,000 on December 31, 2022. What is the impact on 2022 Robinson's net income due to this investment in Timberland? S34,000. S26,000. S30,000. $43,000.

On January 1, 2021. Robinson Company purchased-40.000 shares (40%)of common stock of Timberland Corporation paving SS. At llate the look value and fair health was 51,400,000. The investment gave Robinson the ability to exercise significance over the operations of Timberlant . During 2021. Timberland potted two 150.000 of $40,000. On January 2.2022. Robinson sold 30,000 shares for $475,000 inter from 40 to 10 percent and thus longissimiicant influence 2022 Timberland's net income 120,000 and dividends 530,000 Farinherland' stock was $100.000,00 December 2002 What is the impact on 2022 Robinson's income due to this love and 314,000 526,000 550.000 543.000