Sporting Goods acquired 14% of the 300,000 shares of common stock of Sky Athletics at a total cost 15 per share on March 22, 2022. On July 30, Guy received dividends of $8,000 from Sky Athletics. On ember 31, Sky Athletics reported net income of $120,000 for the year. At December 31, the market e of Sky Athletics was $19 per share. The stock is classified as available-for-sale. Fermin, Inc., obtained significant influence over Delorean Corporation by buying 35% of Delorean's 000 outstanding shares of common stock at a total cost of $5 per share on January 1, 2022. On June San Fermin received dividends of $16,000 from Delorean. On December 31, Delorean reported a net me of $120,000 for the year.