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Rose Company owns 40% of Daisy Corporations voting stock. At the beginning of the year, Roses investment in Daisy had a book value of $120,000.

Rose Company owns 40% of Daisy Corporations voting stock. At the beginning of the year, Roses investment in Daisy had a book value of $120,000. This year, Daisys net income was $100,000 and paid dividends of 10,000. The fair value of Roses investment in Daisy was $150,000 at year end. What is the ending balance of the investment in Daisy on Roses books?

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