Question: Williams Inc. acquires 10,200 shares (35% ownership) of Hall Industries on May 28, 2020. For 2020, Hall reports net income of $405,000 and pays a

Williams Inc. acquires 10,200 shares (35% ownership) of Hall Industries on May 28, 2020. For 2020, Hall reports net income of $405,000 and pays a $112,000 cash dividend. How much of a reduction must Williams record in its investment account as a result of this dividend? 0 $0 $39,200 $72,800 $112,000

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