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  3. sampson financial paid $570,000 for a 40% investme

Sampson Financial paid $570,000 for a 40% investment in the common stock of Sonic, Inc....

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Accounting

Sampson Financial paid $570,000 for a 40% investment in the common stock of Sonic, Inc. For the first year, Sonic reported net income of $185,000, and at year-end declared and paid cash dividends of 105,000. On the balance-sheet date, the fair value of Sampson's investment in Sonic stock was $430,000
I need help in showing everything sampson would report for the investment and any investment in its year-end financial statements.
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Requirement 2. Show everything that Sampson would report for the investment and any investment revenue in its year-end financial statements Balance Sheet (partial): Assets Income Statement (partial)

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