XYZ university also holds a 40% ownership share of green publishing, a wholesaler of textbooks. XYZ is reporting 344K as earnings from this subsidiary on their income statement. You Contacted green university and obtained the information outlined on the Green University worksheet from them. Create a single array formula to calculate green university's net income. Multiply it by 40%. Is the amount equal to 344K?

Data from Green university Financial information for the year under review