Question $38$ of $40$

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Oriole Company purchased $100$ of the $1000$ outstanding shares of Sheffield Company's common stock for $$630000$ on January $2,2025.$ In $2025,$ Sheffield declared dividends of $$115000$ and reported earnings of $$430000.$ If Oriole uses the fair value method of accounting for its investment in Sheffield, the balance in Equity Investments $($Sheffield$)$ on December $31,2025$ should be

$$673000$

$$630000$

$$618500$

$661500$