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Pronghorn Co . invested $ 9 2 0 , 0 0 0 in Stellar Co . for 2 5 % of its outstanding stock. Stellar

Pronghorn Co. invested $920,000 in Stellar Co. for 25% of its outstanding stock. Stellar Co. pays out 30% of net income in dividends
each year.
Use the information in the following T-account for the investment in Stellar to answer the following questions.
(a) How much was Pronghorn Co's share of Stellar Co's net income for the year?
Net income $
(b) What was Stellar Co.'s total net income for the year?
Total net income $
(c) What was Stellar Co.'s total dividends for the year?
Total Dividends $
(d) How much was Pronghorn Co.'s share of Stellar Co.'s dividends for the year?
Dividends $
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