Question: Current Attempt in Progress On January 1 , 2 0 2 5 , Ivanhoe Company purchased 2 5 % of Oriole Corporation's common stock; no

Current Attempt in Progress
On January 1,2025, Ivanhoe Company purchased 25% of Oriole Corporation's common stock; no goodwill resulted from the purchase. Ivanhoe appropriately carries this investment at equity and the balance in Ivanhoe's investment account was $1210000 at December 31,2025. Oriole reported net income of $720000 for the year ended December 31,2025, and paid cash dividends on common stock totaling $290000 during 2025. How much did Ivanhoe pay for its 25% interest in Oriole?
$1282500.
$1462500.
$1102500.
$1317500.
Current Attempt in Progress On January 1 , 2 0 2

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