Answer:
Nursery Supplies at year-end 76,000,000
Gain on investment 12,000,000
Explanation:
Considering is considered a long-term investment for Florists International and the percentage of owership is significant we use equity method.
value of the investment at year end:
begining 67,000,000
income 60,000,000 x 20% = 12,000,000
cash dividends 10,000,000 shares x 1.5 x 20% = (3,000,000)
ending investment 76,000,000
