Question: On January 1 , 2 0 2 4 , Eagle Corp. purchased 3 0 , 0 0 0 shares ( 4 0 % of the

On January 1,2024, Eagle Corp. purchased 30,000 shares (40% of the outtarding sad ofBobcat Inc. for $500,000. Net income reported by Bobcat Inc. for 2024 vis 8180,002Dividends paid by Bobcat Inc. during 2024 were $60,000. On Decenter 31.2024 te Bodeat Inc. stock was trading at $18 per share. After all necessary adjusting entries are made for te year, the balance in Eagle Corp. Long-Term Investment account for its investmentin Boba Inc. will be;

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