On 1/1/16 the Able Company purchased 1000 of the 10000outstanding shares of Baker Company for $40,000. With this 10%
record this investment as available for sale.
7/1/16 Baker Company paid a $2 per share dividend
12/31/16 Baker reported income
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Atlarge Inc. owns 30% of the outstanding voting common stock of Ticker Co. and has the ability to significantly
influence the investee's operations and decision making. On January 1, 2013, the balance in the Investment in
Ticker Co. account was $402,000.