Fisanich Company purchased 35,000 shares of common stock of Pear Corporation as a long-term investment for $700,000. During the year, Pear Corporation reported net income of $300,000 and paid dividends of $100,000.

Fisanich Company purchased 35,000 shares of common stock of Pear Corporation as a long-term investment for $700,000. During the year, Pear Corporation reported net income of $300,000 and paid dividends of $100,000.

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