On March 31, 2018, Chow Brothers, Inc., bought 10% of KT Manufacturings capital stock for $50 million. KTs net income for the year ended December 31, 2018, was $80 million. The fair value of the shares held by Chow was $35 million at December 31, 2018. KT did not declare or pay a dividend during 2018.

record the sale of stock on january for $30 million