On January 1, 2014, Redwood Creek Company Purchased 5,000 Shares

Essay

On January 1, 2014, Redwood Creek Company purchased 5,000 shares of Monticello Company stock for $300,000. Redwood Creek investment represents 30 percent of the total outstanding shares of Monticello. During 2014, Monticello paid total dividends of $100,000 and reported net income of $290,000. What revenue does Garr report related to this investment and what is the amount to be reported as an investment in Monticello stock at December 31.