On January 4, Year 1, Barber Company purchased 7,500 shares of Convell Company for $84,500 plus a broker's fee of $1,500. Convell Company has a total of 37,500 shares of common stock outstanding and it is presumed the Barber Company will have a significant influence over Convell. During each of the next two years, Convell declared and paid cash dividends of $0.85 per share, and its net income was $97,000 and $92,000 for Year 1 and Year 2, respectively. What is the book value of Barber's investment in Convell at the end of Year 2?

A) $111,050.

B) $86,000.

C) $122,800.

D) $73,250.

E) $123,800.

The Ballentine Company expects sales for June, July, and August of $67,000, $73,000, and $63,000, respectively. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 55% of its credit sales in the month following sale, 40% in the second month following sale, and 5% are not collected. What are the company's expected cash receipts for August from its current and past sales?

A) $121,800.

B) $40,170.

C) $65,370.

D) $92,150.

E) $84,000.

Current information for the Healey Company follows:

Beginning raw materials inventory	$	25,200
Raw material purchases		70,000
Ending raw materials inventory		26,600
Beginning work in process inventory		32,400
Ending work in process inventory		38,000
Direct labor		52,800
Total factory overhead		40,000

All raw materials used were traceable to specific units of product. Healey Company's Cost of Goods Manufactured for the year is:

A) $167,000.

B) $155,800.

C) $159,000.

D) $158,600.

E) $161,400.