points Save Answe Assume that on January 1, 2021. Matsul Co. paid $1.296,000 for its investment in 48,000 shares of Yankee Inc. Further, assume that Yankee has 240.000 total shares of stock Issued. The book value and fair value of Yankee's identifiable net assets were both $480,000 at January 1 2021. The following information pertains to Yankee during 2021 Net Income 240 000 Dividends declared and paid $ 72,000 Market price of common stock on 12/31/2021 29 share What amount would Matsul report in its year-end 2021 balance sheet for its investment in Yankee? $1,464,000 51.329.600 $1,600,000 None of these answer choices are correct