On January $1,2025,$ Badri, Inc. decides to invest in $10,000$ shares of Farrier stock when the stock is selling for $$15$ per share. On August $1,2025,$ Farrier paid a $$0\mathrm{.}50$ per share cash dividend to

stockholders. On December $31,2025,$ Farrier reports net income of $$80,000$ for $2025.$ Assume Farrier has $25,000$ shares of voting stock outstanding during $2025$ and Badri, Inc. has significant influence

over Farrier.

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