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Current Attempt in Progress Vaughn Corporation acquired a 35% interest in Tamarisk Company on...

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Accounting

Current Attempt in Progress
Vaughn Corporation acquired a 35% interest in Tamarisk Company on January 1,2025, for $480,000. At that time, Tamarisk had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2025, Tamarisk paid cash dividends of $159,000 and thereafter, declared and issued a 5% common stock dividend when the fair value was $2 per share. Tamarisk's net income for 2025 was $350,000. What is the balance in Vaughn's equity investment account at the end of 2025?
Balance in equity investment account
$
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