On January 1, 2021, Tolton Corporation purchased 18% of Jackson Corporation's common stock for $58,000. There are no unusual qualitative factors in the investment. Jackson's net income for the year ended December 31, 2021 was $13,000. During 2021, Jackson declared and paid a dividend of $60,000. On December 31, 2021, the fair value of the Jackson stock owned by Tolton had increased to $65,000. How much should Tolton show in the 2021 income statement as income from this investment

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

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