On January 1, 20X6, Meghan purchased 8,000 shares of Ping Company for $700,000. During 20X6, Ping Company had net income of $80,000, and declared and paid $24,000 in dividends. How much income from Ping Company would Meghan report if Meghan owns:

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The Answer of On January 1, 20X6, Meghan purchased 8,000 shares of Ping Company for $700,000. During 20X6, Ping Company had net income of $80,000, and declared and paid $24,000 in dividends. How much income from Ping Company would Meghan report if Meghan owns:

On January 1, 20X6, Meghan Purchased 8,000 Shares of Ping