Last year Anderson Corporation reported a cost of goods sold of $118,000. The company's inventory at the beginning of the year was $14,600, and its inventory at the end of the year was $24,400. The prepaid expense account increased by $3,800 between the beginning and end of the year, and the accounts payable account decreased by $5,800. Cost of goods sold adjusted to the cash basis under the direct method would be:

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?