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Sandhill Corporation earns $800000 of net income and pays cash dividends of $280000 during 2025. Wildhorse Corporation owns 3900 of the 13000 outstanding shares of

Sandhill Corporation earns $800000 of net income and pays cash dividends of $280000 during 2025. Wildhorse Corporation owns 3900 of the 13000 outstanding shares of Sandhill. What will Wildhorse report in the investment account at December 31, 2025 if the beginning of the year balance in the account was $ 1040000

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