Selk Steel Co., which began operations on January 4, 2017, had the following subsequent transactions and events in its long-term investments. Assume that Selk has a significant influence over Kildaire with its 25% share of stock. 2017

Jan.		5		Selk purchased 50,000 shares (25% of total) of Kildaire's common stock for $1,600,000.
Oct.		23		Kildaire declared and paid a cash dividend of $4.50 per share.
Dec.		31		Kildaire's net income for 2017 is $1,294,000, and the fair value of its stock at December 31 is $33.50 per share.

2018

Oct.		15		Kildaire declared and paid a cash dividend of $3.40 per share.
Dec.		31		Kildaire's net income for 2018 is $1,606,000, and the fair value of its stock at December 31 is $35.00 per share.

2019

Jan.

2

Selk sold all of its investment in Kildaire for $2,041,000 cash.

2. Compute the carrying (book) value per share of Selk's investment in Kildaire common stock as reflected in the investment account on January 1, 2019. (Round your answer to 1 decimal place.) Carrying value per share 3. Compute the net increase or decrease in Selk's equity from January 5, 2017, through January 2, 2019, resulting from its investment in Kildaire. The in Selk's equity is