On January 4, Year 1, Barber Company purchased 7,500 shares ofConvell Company for $84,500 plus a broker's fee of $1,500. ConvellCompany has a total of 37,500 shares of common stock outstandingand it is presumed the Barber Company will have a significantinfluence over Convell. During each of the next two years, Convelldeclared and paid cash dividends of $0.85 per share, and its netincome was $97,000 and $92,000 for Year 1 and Year 2, respectively.What is the book value of Barber's investment in Convell at the endof Year 2?

A) $111,050.

B) $86,000.

C) $122,800.

D) $73,250.

E) $123,800.

The Ballentine Company expects sales for June, July, and Augustof $67,000, $73,000, and $63,000, respectively. Experience suggeststhat 40% of sales are for cash and 60% are on credit. The companycollects 55% of its credit sales in the month following sale, 40%in the second month following sale, and 5% are not collected. Whatare the company's expected cash receipts for August from itscurrent and past sales?

A) $121,800.

B) $40,170.

C) $65,370.

D) $92,150.

E) $84,000.

Current information for the Healey Company follows:

Beginning rawmaterials inventory	$	25,200
Raw material purchases		70,000
Ending raw materialsinventory		26,600
Beginning work in processinventory		32,400
Ending work in processinventory		38,000
Direct labor		52,800
Total factory overhead		40,000

All raw materials used were traceable to specific units of product.Healey Company's Cost of Goods Manufactured for the year is:

A) $167,000.

B) $155,800.

C) $159,000.

D) $158,600.

E) $161,400.