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On January 1, 2024. Nana Company paid $100,000 for 7,900 shares of Papa Company common...

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Accounting

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On January 1, 2024. Nana Company paid $100,000 for 7,900 shares of Papa Company common stock. The ownership in Papa Company is 10 s. Nana Company does not have significant influence over Papo Company. Popa reponted net income of $54,000 for the yeor ended December 31,2024 . The fair value of the Papa stock on that date was $46 per share. What amount will be reponted in the balance sheet of Nana Comporry for the investment in Papa ot December 31, 2024? Muipple Choice 5363,400 $280,400 5303,400 $318.400

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