MGmail YouTube Maps M Reading Mode X Post Ane Browser=0&launchUrl=https% 252Fnewconnect.mheducation.com%252Fajactivity! TB MC Qu. 01-03 On January 1, 2021, Lee Company paid.... Check my wa On January 1, 2021, Lee Company paid $1,870,000 for 80,000 shares of Thomas Co.'s voting common stock which represents a 45% investment. No allocation to goodwill or other specific account was necessary. Significant influence over Thomas was achieved by this acquisition. Thomas distributed a dividend of $2.00 per share during 2021 and reported net income of $720,000. What was the balance in the Investment in Thomas Co. account found in the financial records of Lee as of December 31, 2021? Multiple Choice $2,114,000 $2,194,000 $2,354,000 < Prev 2 of 30 Next > Langvardt17eCh.pptx CHART.png TO