Question 21 of 28 View Policies Current Attempt in Progress -13 On January 1, 2021, Oriole Corp. paid $1050000 for 140000 shares of Pharoah Company's common stock, which represents 25% of Pharoah's outstanding common stock. Pharoah reported income of $325000 and paid cash dividends of $112000 during 2021 Oriole should report the investment in Pharoah Company on its December 31, 2021, balance sheet $1131250 O $1078000 $1103250 $1050000 Save for Later Attempts: 0 of 1 used Submit Answer