Question: S corporation earns $ 2 4 0 , 0 0 0 and pays cash dividends of $ 8 0 , 0 0 0 in 2

S corporation earns $240,000 and pays cash dividends of $80,000 in 2022. P Corporation owns 30% outstanding shares of S. What amount should P show in the investment account on December 31,2022, if the beginning of the year balance in the account was $320,000? Select one:a.392,000b.320,000c.480.0000d.368,000

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