Question - The following information is provided for A&E Company, which uses the equity method.
• On January 1, 2014, A&E Company acquired 100,000 shares of PVP, Inc. (representing 30 percent ownership and significant influence) common stock at a cost of $10 per share.
• For the year 2014, PVP, Inc. reported net income of $200,000.
• On January 28, 2015, PVP, Inc. announced and paid a cash dividend of $50,000.
• For the year 2015, PVP Inc. reported a net loss of $100,000.
Calculate the balance in the Investment in PVP Stock account as of the end of 12/31/2015.