QUESTION 9 On January 2, Year 1, Barber Company purchased 6900 shares of Convell Company for $79,880. Convell Company has a total of 34,500 shares of common stock outstanding and it is presumed the Barber Company will have a significant influence over Convell. During each of the next two years, Convell declared and paid cash dividends of $0.85 per share, and its net income was $91,000 and $86,000 for Year 1 and Year 2, respectively. What is the book value of Barber's investment in Convell at the end of Year 2? $115 200

On January 2. Year 1. Barber Company purchased 6900 shares of Convell Company for $79,880. Convell Company has a total of 34,500 shares of common stock outstanding and it is presumed the Barber company will. have a significant influence over convell. During each of the next two years. Convell declared and paid cash dividends of 50.85 per share. and its net income was $91,000 and $86,000 for Year 1 and Year 2 . respectively. What is the book value of Barber's investment in Convell at the end of Year 2