S started a new business on Jan 1, 2018. P purchased 30% stock of Son Jan 1 2018 for $200,000. The net income and videnda paid by S for 2018 and 2010 ar an talowe Your Net Income of Dividends paid by S 2018 60,000 40,000 2010 40,000 70,000 Using the cost method, the balance in the investment in Account in the books of Pon Dec 31 2010 will be $197.000 $200,000 $233,000 O $230,000 0 points QUESTION 2 Company P purchased 70% stock in Company Son Jan 1, 20x1 for $200,000. Company S reported the following information for the year 2013 Income before Extraordinary Income $90,000 Extraordinary Income 20.000 Net Income 110,000 Also, Company Spaid a dividend of $40,000 during the year 20X1 Under the equity method in the books of P, the extraordinary income account will be credited with 0, because don't record investor's share in extraordinary income in the equity method $77.000 $14,000 $28.000 Click Save and Submit tone and wit. Click Sa All Aroa 5 AS A CooW Saved Sub