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on january 12023 grouper ltd. acquired 20% of Oriole Corps. shares for $332000. During 2023,...

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Accounting

on january 12023 grouper ltd. acquired 20% of Oriole Corps. shares for $332000. During 2023, Oriole reported net income of $119000 and paid total dividends of $63000. Abalone's 20% interest in Oriole gives Grouper the ability to exercise significant influence over their operating and financial policies. During 2024, Oriole reported net income of $166000 and paid total dividends of $34000 on April 1 and $50000 on October 1,. On July 1,2024, Grouper sold half of its shares in Oriole for $175000 cash. The carrying aount of this investment in Grouper's Decemeber 31,2023, statement of fianncial position should be
$313000
$332000
$366000
$343200

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