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1. On January 1 2021, Garcia Inc. bought 30% of the outstanding common stock of Wer Contry for 1800 the ability to exercise significant influence

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1. On January 1 2021, Garcia Inc. bought 30% of the outstanding common stock of Wer Contry for 1800 the ability to exercise significant influence over Weits operations. At the date of acoushan on the rock wars net essats had to Value of $800 million its book value was $200 ton. The difference was attributable to the fair value of Wesbulong exceeding soon volue, eact accounting for one half of the difference. Wews net income for the year ended December 2012 $300 million During 2021, Weir declared and paid cash dividends of $20 million. The buildings we remaining life of year Required: 1. Complete the table below and prepare all appropriate journal entries related to the investment during 207, in Garcia accounts for this investment by the equity method 2. Determine the amounts to be reported by Garcia Complete this question by entering your answers in the tabs below. Required: Calculation Required 16) Required 2 Complete the table below. (Enter your answers in million 0.6. 10,000,000 should be entered as on De ad 800 3:10 . lestarian undevalucation 28 Cost 92 ZD To

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