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Splish Co. invested $920,000 in Blossom Co. for 25% of its outstanding...

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Accounting

Splish Co. invested $920,000 in Blossom Co. for 25% of its outstanding stock. Blossom Co. pays out 30% of net income in dividends each year.
Use the information in the following T-account for the investment in Blossom to answer the following questions.
\table[[Investment in Blossom Co.,],[920,000,],[103,000,],[,30,900]]
(a) How much was Splish Co.'s share of Blossom Co.'s net income for the year?
Net income $
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