During calendar 2023, Caraway Corp. reported net income of $60,000 and paid total
cash dividends of $20,000. Seed Inc. owns 3,000 of the 10,000 outstanding shares
of Caraway and exercises significant influence. What amount should Seed show in
the investment account at December 31, 2023 if the beginning of the year balance in
the account was $80,000?
$92,000.
$120,000.
$98,000.
$80,000.