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Savannah Corporation purchased 50,000 shares of common stock of the Boulet Corporation for $50 per share on January 2, 2020. During 2020, Boulet Corporation had
Savannah Corporation purchased 50,000 shares of common stock of the Boulet Corporation for $50 per share on January 2, 2020. During 2020, Boulet Corporation had 200,000 shares of common stock outstanding, paid cash dividends of $100,000, and reported net income of $300,000. The Boulet Corporation stock's fair value on December 31, 2020 is $60 per share. How much revenue should Savannah Corporation report for 2020 and what value will it report on its Balance Sheet for its investment in Boulet? Round your answers to the nearest whole number. Dot not use dollar signs($) or commas(,). Blank # 1 A/ Blank # 2 A/
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