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Ques On January 1, 2020, Ella Ltd. purchased 25% of the common shares of JB Inc. for $2.200.000, in 2020, JB reported net income of

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Ques On January 1, 2020, Ella Ltd. purchased 25% of the common shares of JB Inc. for $2.200.000, in 2020, JB reported net income of $230,000 and paid dividends of $100,000. Using the equity method, how much income would be reported by Ella in 2020 related to its investment in JB? Do not use commas, symbols/units (eg. $,%) or spaces in your answers. For example, one thousand five hundred and twenty-three dollars should be entered as 1523. The Canvas system may enter a comma for you. That is fine. Leave it

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