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What is froxel company ending investment

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Question - On January 2, Froxel Company purchased 10,000 shares of Sandia Corp. common stock at $19 per share plus a $3,000 commission. This represents 30% of SandiaCorp.'s outstanding stock.On August 6, Sandia Corp. declaredand paid cash dividends of $1.75 per share, and on December31 it reported net income of $150,000. Prepare the necessaryentries for Froxel to accountfor these transactions and events (Initial investment, dividends, net income distribution). What is Froxel Company's ending investment?

Reference no: EM133060099

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