(Answered) Question - mint corp acquired a 30 interest in trello co on

Accounting

Question - Mint Corp. acquired a 30% interest in Trello Co. on January 1, 2015, for $600,000. At that time, Trello had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2015, Trello paid cash dividends of $180,000 and thereafter declared and issued a 5% common stock dividend when the market value was $2 per share. Trellos net income for 2015 was $540,000. What is the balance in Mint's investment account at the end of 2015?

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