On January 2, 2018, All Good Company

purchased 10,000 shares of the stock of Big Bad Company, and DID obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $19 per share, and represents a 30% ownership stake. Big Bad Company made $350,000 of net income in 2018, and paid dividends to All Good Company of $20,000 on December 15, 2018. Big Bad Company’s stock was trading on the open market for $12 per share at the end of the year. Use this information to determine the book value of the investment that should be reported at year end by All Good Company.

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