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Soundtrack Company owns 30,000 of the 60,000 outstanding shares of Report Red, Inc. common stock....

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Question

Accounting

Soundtrack Company owns 30,000 of the 60,000 outstanding shares of Report Red, Inc. common stock. During 2024, Report red reports net income of $800,000 and pays cash dividends of $300,000. If the beginning balance (at 12/31/23) in Soundtracks investment account in Report Red was $100,000, the balance at December 31, 2025 should be

a.

$350,000.

b.

$100,000.

c.

$600,000.

d.

$500,000.

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