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Wilco acquires 9,000 of the 10,000 shares of Seminole Corporation on January 1 , 2022 , for $900,000. Seminole reports $500,000 of net income in
Wilco acquires 9,000 of the 10,000 shares of Seminole Corporation on January 1 , 2022 , for $900,000. Seminole reports $500,000 of net income in 2022 and paid $50,000 in dividends. What is Wilco's proportional share of income? Please provide your answer as a whole number
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