Calculate the total investments shown on cp december

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On January 1, 2036, Cp9-I5T Company acquired the following investments: 1. 6,270 shares (representing 16%) of BG-8Yt Company stock for $92,000 2. 44,900 shares (representing 42%) of Ix-7n Company stock for $324,000

BG-8Yt Company and Ix-7n Company reported the following information for  2036:

                                     BG-8Yt Company                 Ix-7n Company
Net income                         $240,000                                  $320,000
Total dividends paid                   $43,000                           $33,000
Market value of stock at Dec 31   $25 per share                  $38 per share

Problem 1: Calculate the total investments shown on Cp9-I5T's December 31, 2036 balance sheet (i.e., calculate the the balance in the investment in BG-8Yt Company + the balance in the investment in Ix-7n Company at December 31, 2036).

Reference no: EM132701385

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