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Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $87,600 and declared dividends of $17,500

Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $87,600 and declared dividends of $17,500 during the year. How much would Ramiro adjust its investment in Marco Company under the equity method?

DecreaseIncreaseof. $fill in the blank 2

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