What is the investment in bears co balance on apple books

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Question - Acquired all of the outstanding common stock of Beats Co. on January 1, 2017, for $257,000. Annual amortization of $19,000 resulted from this acquisition. Apple reported net income of $70,000 in 2017 and $50,000 in 2018 and paid $22,000 in dividends each year. Beats reported net income of $60,000 in 2017 and $67,000 in 2018 and paid $10,000 in dividends each year. What is the Investment in Bears Co. balance on Apple books as of December 31, 2018, if the equity method has been applied?

Reference no: EM133133799

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