how about this answer Q25: What gain should Grant report from selling half of the investment on 7/1/20x3? Step 1: Determine carrying amount on 7/1/20x3 before the sale. 12/31/20x2 carrying amount = 209,000 Add: Share of South's net income (Jan-June 20x3) = 30% 100,000 = 30,000 Less: No dividends before July 1 Updated carrying amount before sale = 209,000 + 30,000 = 239,000 Half of the investment is sold, so: Carrying amount of the portion sold = 239,000 50% = 119,500 Proceeds from sale = 150,000 Gain = 150,000 - 119,500 = 30,500 Answer: b. 30,500