QUESTION 21 On January 3, 2018, Jacob Company purchased 25% of the 100,000 shares of common stock of Matthew Corporation, paying $1,700,000. There was no goodwill or other cost allocation associated with the investment. Jacob has significant influence over Matthew. During 2018, Matthew reported net income of $600,000 and paid $200,000 in dividends. On January 4, 2019. Jacob sold 11,250 shares for $800,000 What is the gain/loss on the sale of the 11,250 shares? $10,000 gain $15,000 loss $12,000 loss, 50 $20,000 gain