On 2017-02-01, P purchased 34% of the outstanding shares of TORT common stock for $57,311
Paccounted for the investment using the equity method
On 2017-07-15, P received a cash dividend of $5,731.10 from TORT
On 2017-12-31, TORT reported net income of $8,428.09. Record P's share.
For the year ending 2017-12-31 indicate effects on statements. If there is no effect for an account, put 0 as the
Income Statement Effect
Other income (loss)
Equity income (loss)
Unrealized gain (loss)
Realized gain (loss)
NET INCOME