Sporting Goods acquired ( 14 % ) of the 300,000 shares of common stock of Sky Athletics at a total cost 15 per share on March 22, 2022. On July 30. Guy received dividends of ( $ 8,000 ) from Sky Athletics. On ember 31, Sky Athletics reported net income of ( $ 120,000 ) for the year. At December 31 , the market of Sky Athletics was ( $ 1

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Sporting Goods acquired  ( 14  %  ) of the 300,000 shares of common stock of Sky Athletics at a total cost 15 per share on March 22, 2022. On July 30. Guy received dividends of  (  $ 8,000  ) from Sky Athletics. On ember 31, Sky Athletics reported net income of  (  $ 120,000  ) for the year. At December 31 , the market of Sky Athletics was  (  $ 19  ) per share. The stock is classified as available-for-sale. Fermin, Inc., obtained significant influence over Delorean Corporation by buying  ( 35  %  ) of Delorean's 000 outstanding shares of common stock at a total cost of  (  $ 5  ) per share on January 1, 2022. On June San Fermin received dividends of  (  $ 16,000  ) from Delorean. On December 31. Delorean reported a net me of  (  $ 120,000  ) for the year.

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