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QUESTION 18 On January 1 2017 Grgante Corporation purchased 25% of the common stock outstanding of Sheat Corporation for $270,000. During 2017, Long Gogaotie Corpepationd

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QUESTION 18 On January 1 2017 Grgante Corporation purchased 25% of the common stock outstanding of Sheat Corporation for $270,000. During 2017, Long Gogaotie Corpepationd t Dncome $80000 and paid cash dividends of $40 000 The balance of the Stock Investments Long account on the books of Grgante Corporation at December 31, 2017 is OA $280,000 $310.000 $350,000 D $270,000

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