Gmail YouTube Maps -Evaluation Saved Help Save & Exit TB MC Qu. 01-01 Baker Company owns 15% of the common stock of... Baker Company owns 15% of the common stock of Charlie Corporation and used the fair-value method to account for this investment. Charlie reported net income of $120,000 for 2021 and paid dividends of $70,000 on October 1, 2021. How much income should Baker recognize on this investment in 2021? Multiple Choice $18,000. $10,500 $28,500. > TS G