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Stellar Co. invested $920,000 in Pearl Co.for 25% of its outstanding stock. Pearl Co. pays out 30% of net income in dividends each year. Use

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Stellar Co. invested $920,000 in Pearl Co.for 25% of its outstanding stock. Pearl Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Pearl to answer the following questions. Investment in Pearl Co. 920,000 99,000 29,700 (a) How much was Stellar Co.s share of Pearl Co's net income for the year? Net income $ (b) What was Pearl Co's total net income for the year? Total net income $ (c) What was Pearl Cos total dividends for the year? Total Dividends $ (d) How much was Stellar Co's share of Pearl Co.'s dividends for the year? Dividends $

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