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_____ on 4/1/06, Pix Inc

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_____ On 4/1/06, Pix Inc. formed Stix Inc., investing $100,000 cash. For 2006, Stix reported net income of $23,000 and declared cash dividends of $8,000 (which were paid 1/2/07). What is Pix's carrying value of its investment in Stix at 12/31/06?
_____ On 4/1/06, Pix Inc. formed Stix Inc., investing $100,000 cash. For 2006, Stix reported net income of $23,000 and declared cash dividends of $8,000 (which were paid 1/2/07). What is Pix's carrying value of its investment in Stix at 12/31/06?

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