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Schedule to show the balance in investment account

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Problem: On January 1, 2012, Jumper Co. acquired all of the common stock of Cable Corp. for $540,000. Annual amortization associated with the purchase amounted to $1,800. During 2012, Cable earned net income of $54,000 and paid dividends of $24,000. Cable's net income and dividends for 2013 were $86,000 and $24,000, respectively.

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Question: Assuming that Jumper decided to use the partial equity method, make a schedule to show the balance in the investment account at the end of 2013.

Reference no: EM132420337

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