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View Policies Current Attempt in Progress Cullumber Company purchased 200 of the 1000 outstanding shares of Marigold Company's common stock for $490000 on January 2,2021.

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View Policies Current Attempt in Progress Cullumber Company purchased 200 of the 1000 outstanding shares of Marigold Company's common stock for $490000 on January 2,2021. During 2021, Marigold Company declared dividends of $45000 and reported earnings for the year of $290000 If Cullumber Company used the fair value method of accounting for its investment in Marigold Company, its Equity Investments (Marigold) account on December 31, 2021 should be $548000 $539000 $481000 $490000 Save for Later Attempts: 0 of 1 used Submit

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