Gator Co

  Gator Co. invested $1,117,000 in Demo Co. for 25% of its outstanding stock. Demo Co. pays out 40% of net              income in dividends each year.
    
   Equity Investments (Demo Co.) 

      1,117,000 
      130,600 
      52,240 

    Use the information in the following T-account for the investment in Demo to answer the following questions.

a)            How much was Gator Co.'s share of Demo Co.'s net income for the year?

b)             How much was Gator Co.'s share of Demo Co.'s dividends for the year?

c)            What was Demo Co.'s total net income for the year?

d)           What were Demo Co.’s total dividends for the year?