Help Save & Exit Submit 33 On January 1, Belleville Company paid $1,020,000 to acquire 51,000 shares of O'Faton's voting common stock, which represents a 40 percent Investment. No allocations to goodwill or other specific accounts were made. Significant influence over O'Fallon is achieved by this acquisition, and so Belleville applies the equity method. O'Fallon declared a $1 per share dividend during the year and reported net income of 5621000. What is the balance in the Investment in O'Fallon account found in Belleville's financial records as of December 31 25 S Mtsiple Choice $1.268.400 31217400 $1,337400 $1.277.400