Question 14 (3.4615 points) On January 1, 2012, A, Incorporated, paid $100,000 for a 30% interest in B Corporation. This investee had assets with a book value of $550,000 and liabilities of $300,000. A patent held by B having a book value of $10,000 was actually worth $40,000 with a six year remaining life. Any goodwill associated with this acquisition is considered to have an indefinite life. During 2012, B reported income of $50,000 and paid dividends of $20,000 while in 2013 it reported income of $75,000 and dividends of $30,000. Assume A has the ability to significantly influence the operations of B. The balance in the Investment in B account at December 31, 2012, is $112,000 $100,000 $106,000 $140,000 by 5107,500