Sunland Company acquired a 50% interest in Oriole Corporation on December 31, 2020 for $ XXXXXXXXXXDuring 2021, Oriole had net income of $1060000 and paid cash dividends of $ XXXXXXXXXXAt December 31,...

Sunland Company acquired a 50% interest in Oriole Corporation on December 31, 2020 for $1835000. During 2021, Oriole had net income of $1060000 and paid cash dividends of $280000. At December 31, 2021, the balance in the investment account should be