Question: Question Completion Status: QUESTION 9 Hint: This problem has some liquidating dividends. S started a new business on Jan 1, 2018. P purchased 30% stock

Question Completion Status: QUESTION 9 Hint: This problem has some liquidating dividends. S started a new business on Jan 1, 2018. P purchased 30% stock of Son Jan 1 2018 for $200,000. The net income and dividends paid by Stor 2012 and 2019 are as follows: Year Net Income of Dividends paid by s 2018 60,000 40.000 2019 40,000 70,000 Using the cost method, the balance in the "Investment in S* Account in the books of P on Dec 31 2019 will be $197.000 $200,000 $233,000 $230,000

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