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Current Attempt in Progress

Sheridan Corporation earns $$650000$ of net income and pays cash dividends of $$205000$ during $2025.$ Sunland Corporation owns

$2400$ of the $8000$ outstanding shares of Sheridan. What will Sunland report in the investment account at December $31,2025$ if the

beginning of the year balance in the account was $$890000?$

$$133500$

$$1023500$

$$1085000$

$$890000$