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$359,000
Cash Dividends
(paid quarterly)
$107,000
1
2014
2015
501,000
644,000
132,500
149,000
On July 1, 2015, Pierce sells 9,000 shares of this investment for $ 40 per
share, thus reducing its interest from 30 to 24 percent. However, the
company retains the ability to significantly influence Marion. Using the equity
method and average book value to compute any gain or loss on sale, what
amounts appear in Pierces 2015 income statement?