As a Long-Term Investment,Martha Company Purchased 5,000 of the 12,500

Essay

As a long-term investment,Martha Company purchased 5,000 of the 12,500 outstanding voting shares of Stewart Corporation at $20 per share on January 1,2019.At the end of 2019,Stewart reported net income of $100,000 and declared and paid dividends of $10,000.The market price of the Stewart stock at the end of 2019 was $23 per share.
Calculate the net balance in Martha's investment account at the end of 2019.