Larkin Co. has owned 25% of the common stock of Devon Co. for a number of years and has the ability to exercise significant influence over Devon. The following information relates to Larkin's investment in Devon during the most recent year:
|
Carrying amount of Larkin's investment in Devon at the beginning of the year
|
$200,000 |
| Net income of Devon for the year |
600,000 |
|
Total dividends paid to Devon's stockholders during the year
|
400,000 |
What is the carrying amount of Larkin's investment in Devon at year end?