Hint: This problem has some liquidating dividends. S started a new business on Jan 1, 2018. P purchased 30% stock of Son Jan 1 2018 for $200,000. The net income and dividends paid by S for 2018 and 2019 are as follows: Year Net Income of S Dividends paid by S 2018 60,000 40.000 2019 40,000 70,000 Using the cost method, the balance in the "Investment in S* Account in the books of P on Dec 31 2019 will be $197.000 $200,000 $233,000 $230,000 QUESTIONS In the fair value method, if the invetse reports any extraordinary income, the investor also reports his share of those extraordinary incomes in its books. True False