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What is the balance in bangles investment in sleat

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On January 1, 2006, Bangle Company purchased 30% of the voting common stock of sleat corp. for $1,000,000. During 2006, Sleat paid dividends of $80,000 and reported a net loss of $140,000. Annual amortization related to this investment was $50,000.

What is the balance in Bangle's "Investment in Sleat" account at December 31, 2006?

$884,000
$919,000
$968,000
$1,010,000
$730,000

Reference no: EM131745568

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