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Question 7 On January 1, 2020, Crane Corporation purchased 37% of the common stock outstanding of Wildhorse Corporation for $740000. During 2020, Wildhorse Corporation reported

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Question 7 On January 1, 2020, Crane Corporation purchased 37% of the common stock outstanding of Wildhorse Corporation for $740000. During 2020, Wildhorse Corporation reported net income of $190000 and paid cash dividends of $120000. The balance of the Stock Investments-Wildhorse account on the books of Crane Corporation at December 31, 2020 is $695600. $740000. O $765900. $810300. Open Show Work Click if you would like to Show Work for this

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