QUESTION 6 On January 1, 2021, Tremen Corporation acquired 40% of the shares of Delany Company and has significant influence. Tremen paid $3,000,000 for the investment, and that amount is exactly equal to 40% of the book value of identifiable net assets on Delany's balance sheet. Delany recognized net income of $1,000,000 for 2021, and paid $150,000 of dividends each quarter to its shareholders. After all closing entries are made, Tremen's "Investment in Delany Company" account would have a balance of: T T T Arial 3 (12pt) TE - S Path:p Words:0 Click Save and Submit to save and submit. Click Save All Answers to save all answers