Sheffield Co. invested $1,060,000 in Tamarisk Co. for 25% of its outstanding stock. Tamarisk Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Tamarisk to answer the following questions. Investment in Tamarisk Co. 1,060,000 105,000 42,000 (a) How much was Sheffield Co.'s share of Tamarisk Co.'s net income for the year? Net income $ (b) What was Tamarisk Co.'s total net income for the year? Total net income $ (c) What was Tamarisk Co.'s total dividends for the year? Total Dividends $ (d) How much was Sheffield Co.'s share of Tamarisk Co.'s dividends for the year