Question 4 On January 1, 2020, Abalone Ud acquired 30% of Flounder Corp.'s common shares for $240,000. During 2020, Flounder reported net income of $100,000 and paid total dividends of $60,000 Abalone's 30% Interest in Flounder gives Abalone the ability to exercise significant influence over their operating and financial policies. During 2021, Founder reported net income of $150,000 and paid total dividends of $30,000 on April 1 and $40,000 on October 1. On July 1, 2021, Abalone sold half of its shares in Flounder for $158,000 cash. The carrying amount of this investment in Abalone's December 31, 2020, statement of financial position should be $252,000 $240,000 $270,000 $275,000 Question Attempts of used SUBMIT ANSWER WE POLAR