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Question 8 15 pts 1. On January 1, 2022 YQP Company purchased the following investments: 17,000 shares (representing 14% of Zz Company stock for $14/share

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Question 8 15 pts 1. On January 1, 2022 YQP Company purchased the following investments: 17,000 shares (representing 14% of Zz Company stock for $14/share 2. 20,000 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 AA Company and Zz Company reported the following information for the years 2022 and 2023 Net income in 2022 Dividends paid to YQP Company in 2022 Market value at Dec 31, 2022 AA Company $200,000 $36,000 $27 per share ZZ Company $260,000 $12,000 $11 per share Net income in 2023 $180,000 $225,000 Dividends paid to YQP Company in 2023 $17,000 $5,000 Market value at Dec 31, 2023 $24 per share $24 per share Asume that YQP Company sold 4,800 shares of the AA Company stock for $36 per share on December 31, 2023. Calculate the realized gain reported in YQP Company's 2023 income statement resulting from the sale of the AA Company stock

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