Chap 1 Self-Eva X + window Help heducation.com/man/index.html?.con-contextemal Brawner-Oslaunchuri-http253 Gmail YouTube Maps Evaluation Seved 42% Mon 7:54 PM Trending on ridataisbea www.reddit.com 9 262Fnewinnnect.ameducation.com 10C Every Or That ad Wellinge Help Save & Exit Submit Borgin Inc. owns 30% of the outstanding voting common stock of Burkes Co. and has the ability to significantly influence the investee's operations and decision-making. On January 1, 2021, the balance in the Investment in Burkes Co. account was $402.000. Amortization associated with the purchase of this investment is $8,000 per year. During 2021, Burkes earned income of $108,000 and paid cash dividends of $36,000. Previously in 2020, Burkes had sold inventory costing $28,800 to Borgin for $48,000. All but 25% of this merchandise was consumed by Borgin during 2020. The remainder was used during the first few weeks of 2021. Additional sales were made to Borgin in 2021; inventory costing $33.600 was transferred at a price of $60,000. Of this total, 40% was not consumed until 2022. What was the balance in the Investment in Burkes Co. account at the end of 2021? Multiple Choice $401.136 $413,872 $418,840 < Prev 6 of 30 Next > G