Windsor Co. invested $1,080,000 in Sheridan Co. for 25% of its outstanding stock. Sheridan Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Sheridan to answer the following questions.

Investment in Sheridan Co.
1,080,000
116,000
	46,400

(a) How much was Windsor Co.s share of Sheridan Co.s net income for the year?

Net income

$enter Windsors net income in dollars

(b) What was Sheridan Co.s total net income for the year?

Total net income

$enter the total net income of SheridanCo. for the year

(c) What was Sheridan Co.s total dividends for the year?

Total Dividends

$enter the total dividends of SheridanCo. for the year

(d) How much was Windsor Co.s share of Sheridan Co.s dividends for the year?

Dividends

$enter the dollar amount of dividends for Windsor Co.