On December 31, 2010, Rory Corp. acquired an 18% interest in Batson Corp. for $100,000 and appropriately applied the cost method. During 2011, Batson had net income of $200,000 and paid cash dividends of $50,000. On the last day of 2011, Rory sold one-half of its investment in Batson Corp. for $180,000. How much should Rory report on its income statement for the year ending December 31, 2011? Show your work.

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The Answer of On December 31, 2010, Rory Corp. acquired an 18% interest in Batson Corp. for $100,000 and appropriately applied the cost method. During 2011, Batson had net income of $200,000 and paid cash dividends of $50,000. On the last day of 2011, Rory sold one-half of its investment in Batson Corp. for $180,000. How much should Rory report on its income statement for the year ending December 31, 2011? Show your work.