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Sunland Company purchased 100 of the 1000 outstanding shares of Oriole Company's common stock for $660000 on January 2 . 2025. In 2025, Oriole declared
Sunland Company purchased 100 of the 1000 outstanding shares of Oriole Company's common stock for $660000 on January 2 . 2025. In 2025, Oriole declared dividends of $130000 and reported earnings of $460000. If Sunland uses the fair value method of accounting for its investment in Oriole, the balance in Equity Investments (Oriole) on December 31, 2025 should be $693000. $647000. $660000. $706000
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