Question 7 15 pts On January 1, 2022 YQP Company purchased the following investments: 1. 17,800 shares (representing 14%) of Zz Company stock for $14/share 2. 20,800 shares (representing 45%) of A Company stock for $23/share YQP Company sold 5,000 shares of the zz Company stock on August 1, 2023 for $19 per share A Company and ZZ Company reported the following information for the years 2022 and 2023: AA Company ZZ Company Net income in 2022 $200,000 $260,000 Dividends paid to YOP Company in 2022 $36,000 $12,000 Market value at Dec 31, 2022 $27 per share $11 per share Net income in 2023 $180,000 $225,000 din structure com cursos/80371 pa izzex4 12689 take Quiz Mikeup Exam Dividends paid to YQP Company in 2023 $17,000 $5,000 Market value at Dec 31, 2023 $24 per share $24 per share Calculate the total investments shown in YQP Company's December 31, 2023 balance sheet (i.e., the balance in the Investment in A Company plus the balance in the Investment in ZZ Company). Question 7 15 pts On January 1, 2022 YQP Company purchased the following investments: 1. 17,800 shares (representing 14%) of Zz Company stock for $14/share 2. 20,800 shares (representing 45%) of A Company stock for $23/share YQP Company sold 5,000 shares of the zz Company stock on August 1, 2023 for $19 per share A Company and ZZ Company reported the following information for the years 2022 and 2023: AA Company ZZ Company Net income in 2022 $200,000 $260,000 Dividends paid to YOP Company in 2022 $36,000 $12,000 Market value at Dec 31, 2022 $27 per share $11 per share Net income in 2023 $180,000 $225,000 din structure com cursos/80371 pa izzex4 12689 take Quiz Mikeup Exam Dividends paid to YQP Company in 2023 $17,000 $5,000 Market value at Dec 31, 2023 $24 per share $24 per share Calculate the total investments shown in YQP Company's December 31, 2023 balance sheet (i.e., the balance in the Investment in A Company plus the balance in the Investment in ZZ Company)