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On December 31, 2017, Tanner Corp. acquired a 20% interest in Gantry Corp. for $800,000 and appropriately applied the equity method. During 2018, Gantry had net income of $150,000 and paid cash dividends of $5,000. On last day of 2018, Tanner sold one-half of its investment in Gantry Corp. for $620,000. How much should Tanner report on its income statement for the year ending December 31, 2018? Show your work.
Slave Families
Family units formed by enslaved people, often facing challenges such as separation due to sale by slave owners, yet demonstrating resilience and cultural continuity.
Lifelong Commitment
A long-term dedication or pledge to a cause, activity, or relationship, intended to last the entirety of one's life.
Marriage Ceremony
A formal event or ritual where two individuals are united in marriage, often encompassing a variety of customs and traditions depending on the culture.
Biggest Fear
Generally refers to the most profound or pervasive anxiety or concern affecting an individual or group.
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