sold half of its stock in South for $150,000 cash. South paid dividends of $60,000 on October 1, 205. In its 20X5 income statement, what amount should Grant report as a gain from the sale of half of its investment? $35,000 $24,500 $30,500 $45,500 sold half of its stock in South for $150,000 cash. South paid dividends of $60,000 on October 1, 205. In its 20X5 income statement, what amount should Grant report as a gain from the sale of half of its investment? $35,000 $24,500 $30,500 $45,500