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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 4

Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $84,900 and declared dividends of $19,300 during the year. How much would Ramiro adjust its investment in Marco Company under the equity method? lof'$
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