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Sheridan Company owns 41480 of the 103700 outstanding shares of Splish Inc. common stock. During 2022, Splish earns $663680 and pays cash dividends of


 

Sheridan Company owns 41480 of the 103700 outstanding shares of Splish Inc. common stock. During 2022, Splish earns $663680 and pays cash dividends of $497760. If the beginning balance in Sheridan's investment account was $432200, the balance at December 31, 2022 should be

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