SONGHWA Co. acquired 10% of 100,000 ordinary shares of JEONGWON Co. at a total cost of $7 per share on March 16, 2019. On June 15, JEONGWON Co. declared and paid a $37,500 cash dividend. On December 31, JEONGWON Co. reported net income of $120,000 for the year. At December 31, the market price of JEONGWON Co. was $13 per share. The investment is classified as tradin