CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 2 Not yet answered Points out of 1.00 Flag question On anuary 1, 2013, an investor purchases 1 7 000 common shares o an investee at $12 cash per share. The shares represent 20% o ne si in the investee. The vest e ares are it considered "marketable" because they do not trade on an active exchange. On January 1, 2013, the book value of the investee's assets and liabilities equals $900,000 and $200,000, respectively. On that date, the appraised fair values of the investee's identifiable net assets approximated the recorded book values, except for a customer list. On January 1, 2013, the customer list had a recorded book value of $0, an estimated fair value equal to $50,000 and a 5 year remaining useful life. During the year ended December 31, 2013, the investee company reported net income equal to $42,000 and dividends equal to $20,000. Noncontrolling investment accounting (price different from book value) Assume the investor can exert significant influence over the investee. Determine the balance in the "Investment in Investee" account at December 31, 2013. $190,000 O$172,400 $206,400 $1 68,000