On January 2, 2020, All Good Company purchased 10,000 shares of the stock of Big Bad Company, and DID obtain significant

[answerhappygod]

On January 2, 2020, All Good Company purchased 10,000shares of the stock of Big Bad Company, and DID obtain significantinfluence. The investment is intended as a long-terminvestment. The stock was purchased for $15.00 pershare, and represents a 30% ownership stake. BigBad Company made $250,000 of net income in 2020, and paiddividends to All Good Company of $30,000 on December 15,2020. Big Bad Company's stock was trading on the openmarket for $15.50 per share at the end of the year. Usethis information to determine the book value of the investment thatshould be reported at year end by All Good Company. Round tonearest whole number (no cents).