Sun Corporation is a corporate joint venture that is jointly controlled and operated by five investor-venturers, four with 15 percent interests each and one with a 40 percent interest. Each of the five venturers is active in venture management.

Land sales and other important venture decisions require the consent of each venturer. All venturers paid $15 per share for their investments on January 1, 2011, and no changes in ownership interests have occurred since that time. During 2012, Sun reported net income of $500,000 and paid dividends of $100,000. The stockholders' equity of Sun at December 31, 2012, is as follows (in thousands):

REQUIRED: Determine the investment income for 2012 and the investment account balance at December 31, 2012, for the 40 percent venturer and for one of the 15 percentventurers.

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Sun Corporation Stockholders' Equity at December 31, 2012 Common stock $10 par, 500,000 shares authorized, issued, and outstanding Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity $5,000 2,500 1,000 $48.500