On January 1, Marble Company obtained a $55,000, 4-year, 5%…

On January 1, Marble Company obtained a $55,000, 4-year, 5% installment note from Ameribank. The note requires annual payments consisting of principal and interest of $14,772, beginning on December 31 of the current year. The December 31, Year 1 carrying amount in the amortization table for this installment note will be equal to:

On January 15, 2014, Julliard Corp. purchased 150,000 shares…

On January 15, 2014, Julliard Corp. purchased 150,000 shares of Yale Inc. directly from one of the founders for a price of $30 per share. Yale has 600,000 shares outstanding, including the Julliard shares.  On July 5, 2014, Yale paid $350,000 in total dividends to its shareholders. On December 31, 2014, Yale reported a net income of $875,000 for the year. Julliard uses the equity method in accounting for its investment in Yale. what was the purchase price Julliard paid for Yale?