Question: I need the solution and the answer of this question. I am in a hurry, so quick response will be appreciated. Thank you! On January

I need the solution and the answer of this question. I

I need the solution and the answer of this question. I am in a hurry, so quick response will be appreciated. Thank you!

On January 1, 2021, Left Inc. and Right Inc. created a joint venture called LRI Co. Left Inc. contributed $140,000 of cash to the joint venture in return for a 40% interest. During 2021, LRI's net income was $78,000 and it paid total dividends of $31,000. Both Left and LRI report under IFRS, and both have an income tax rate of 35%. What will be the closing balance in Left's Investment in LRI Co. account at December 31, 2021

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