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kimm, inc acquired 30% of carne corps voting stock on january 1, 2008 for $400,000. During 2008 carne earned 160,000 and paid dividends of 100,000.

kimm, inc acquired 30% of carne corps voting stock on january 1, 2008 for $400,000. During 2008 carne earned 160,000 and paid dividends of 100,000. During 2009, carne earned 200,000 and paid dividends of 60000 on April 1 and 60,000 on October 1. On July 1, 2009 kimm sold half of its stock in carne for 264,000 cash. before income taxes, what amount should kimm include in its 2008 income statement as a result of the investment

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