(Answered) Selk steel co which began operations on january 4 2015 had

Accounting

Selk Steel Co., which began operations on January 4, 2015, had the following subsequent transactions and events in its long-term investments.
2015

Jan. 5 Selk purchased 60,000 shares (20% of total) of Kildaire's common stock for $1,560,000.

Oct . 23 Kildaire declared and paid a cash dividend of $3.20 per share.

Dec. 31 Kildaire's net income for 2015 is $1,164,000, and the fair value of its stock at December 31 is $30.00 per share.

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