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Sutton Company purchased 10% of the outstanding stock of Roberts Company on January 1, 2012. Reyes reported net income of $155,000 and declared dividends of

Sutton Company purchased 10% of the outstanding stock of Roberts Company on January 1, 2012. Reyes reported net income of $155,000 and declared dividends of $40,000 during 2012. How would these events be reported by Sutton using the cost method?

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