On January XX Cheap Camera Corp. paid $ to acquire Worldwide Photo, Inc. Cheap Camera used the equity method to account for the investment. The following information is available for the assets, liabilities, and stockholders' equity accounts of Worldwide Photo:
Book Value Fair Value Current assets $ $ Land Building twentyyear life Equipment fiveyear life Current liabilities Longterm liabilities Common stock Additional paidin capital Retained earnings
Worldwide Photo earned net income for XX of $ and paid dividends of $ during the year.
For XX what is the balance in Equity Income on Cheap Camera's books?
Select one:
a $
b $
c $
d $
