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Ramiro Company purchased 40% of outstanding stock of Marco Company on January 1 2012, marco reported net income of $80000 and declared dividends of $20000

Ramiro Company purchased 40% of outstanding stock of Marco Company on January 1 2012, marco reported net income of $80000 and declared dividends of $20000 during 2012. How much would Ramiro adjust their investment in marco company under the equity method

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