Her Company purchased 26,000 common shares (20%) of Him Inc. on January 1, Year 4,...

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Accounting

Her Company purchased 26,000 common shares (20%) of Him Inc. on January 1, Year 4, for $442,000. Additional information on Him for the three years ending December 31, Year 6, is as follows:
Year Net Income Dividends
Paid Market Value
per Share at
December 31
Year 4 $260,000 $195,000 $18
Year 5292,500208,00020
Year 6312,000227,50023
On December 31, Year 6, Her sold its investment in Him for $598,000.

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