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Equity method of reporting the investment

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On January 1st. 2019, X purchased 25% of the voting shares of Y Inc. for $100,000. The investment is reported using the equity method, as X has significant influence over Y. Y's net income and declared dividends for the following three years are as follows:-

NET INCOME
DIVIDENDS
2019
$50,000
$20,000
2020
$70,000
$80,000

2021
$30,000
$60,000

What would be the carrying value of X's Investment in Y at the end of 2021 if X used the equity method of reporting the investment?

Reference no: EM133216387

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