Question: Your answer is incorrect. Determine the amount to be reported as an investment in Shane stock at December 31. Investment in Shane, December 31 $

Your answer is incorrect. Determine the amount to be reported as an investment in Shane stock at December 31. Investment in Shane, December 31 $ On January 1, Cullumber Corporation purchased a 25\% equity investment in Shane Corporation for $160,100. At December 31 Shane declared and paid a $80,200 cash dividend and reported net income of $358,400

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