Required information On January 1, 2020, Ildiko Corporation purchased a 35% Interest in the common shares of Rance Ltd. for $60,000. Rance Ltd. reported profit and paid dividends as follows: 2020-profit $40,000; dividends paid $50,000 2021 - profit $85,000, dividends paid $70,000. Assume that Ildiko Corporation uses the equity method to account for its Investment in Rance Ltd. The balance in the "Investment Income account on Ildiko's Income Statement for the year ended December 31, 2021 is Multiple Choice $43.750 $5.250 $29.750 I $