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[Show your computation] On January 2, 2022 Pod Company purchased 25% of the outstanding ordinary shares of Jobs, Inc. and subsequently used the equity method
[Show your computation] On January 2, 2022 Pod Company purchased 25% of the outstanding ordinary shares of Jobs, Inc. and subsequently used the equity method to account for the investment. During 2022 Jobs, Inc. reported net income of 420,000 and distributed dividends of 180,000. The ending balance in the Equity Investments account at December 31, 2022 was 320,000 after applying the equity method during 2022. What was the purchase price Pod Company paid for its investment in Jobs, Inc
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