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Riverbed Co . invested $ 9 3 0 , 0 0 0 in Marin Co . for 2 5 % of its outstanding stock. Marin

Riverbed Co. invested $930,000 in Marin Co. for 25% of its outstanding stock. Marin Co. pays out 40% of net income in dividends each year:
Use the information in the following T-account for the investment in Marin to answer the following questions.
Investment in Marin Co.
47,200
(a) How much was Riverbed Co's share of Marin Co's net income for the year?
Net income
(b) What was Marin Co's total net income for the year?
Total net income $
(c) What was Marin Co's total dividends for the year?
Total Dividends
(d) How much was Riverbed Co's share of Marin Co's dividends for the year?
Dividends
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