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, 2014. At the end of 2014, 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 2014 was $23 per share. Calculate the net balance in Martha's investment account at the end of 2014.