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Required information On January 1,20 X3, Poke Corporation acquired 25 percent of the outstanding...

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Accounting

Required information
On January 1,20 X3, Poke Corporation acquired 25 percent of the outstanding shares of Shove Corporation for $100,000 cash. Shove Company reported net income of $75,000 and paid dividends of $30,000 for both 203 and 204. The fair value of shares held by Poke was $110,000 and $105,000 on December 31,203 and 204 respectively.
If instead, Poke could not exercise significant influence over the investee, what amount will be reported by Poke as balance in investment in Shove on December 31,204?
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