Determine the amount to be reported as investment

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Reference no: EM131265145

On January 1, Zabel Corporation purchased a 25% equity in Helbert Corporation for $198,100. At December 31, Helbert declared and paid a $57,400 cash dividend and reported net income of $237,700.

Journalize the transactions.

Determine the amount to be reported as an investment in Helbert stock at December 31.

Investment in Helbert December 31

Reference no: EM131265145

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