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Ramiro Company purchased 4 0 % of the outstanding stock of Marco Company on January 1 . Marco reported net income of $ 8 5

Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $85,400 and declared dividends of $17,800 during the year. How much would Ramiro adjust its investment in Marco Company under the equity method?
of $fill in the blank 2

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