### What is the balance in agee''s investment account

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Question:-Agee Corp. acquired a 25% interest in Trent Co. on January 1, 2010, for \$500,000. At that time, Trent had 1,000,000 shares of its \$1 par common stock issued and outstanding. During 2010, Trent paid cash dividends of \$160,000 and thereafter declared and issued a 5% common stock dividend when the market value was \$2 per share. Trent's net income for 2010 was \$360,000. What is the balance in Agee's investment account at the end of 2010?

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