Current Attempt $in$ Progress

$On$ January $2,2023,$ Ayayai Corp. purchased $200of$ the $1000$ outstanding common shares $of$ Cullumber $Ltd.$ for $$47000.$ During $2023,$

Cullumber declared total cash dividends $of$ $$4000$ and reported net income for the year $of$ $$30000.If$ Ayayai uses the cost model $to$

account for its investment $in$ Cullumber, Ayayai's Investment $in$ Cullumber $Ltd.$ account $at$ December $31,2023$ should $be$

$$53000.$

$$52200.$

$$46200.$

$$47000.$