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16.7 points is follows agreement to be amotized over 10 years. combination was cremed ampunied to the following: In 2021, Young earn a oet incorse

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16.7 points is follows agreement to be amotized over 10 years. combination was cremed ampunied to the following: In 2021, Young earn a oet incorse of 5,80,000 and deciarex and pors 545,000 in can dvisends. These figures increase the subsidiarys Petained Earnings to o 5780,000 bolance it the end of 2021 Monica employs the equity method of accounting Hence, it reports $133.440 investinent income for 2021 with an investment account bilance of 5927680 . Prepare the workheet entries required for the consolidaton of Moni Company and roung Company iff ne entry lis required for a transaction/event, select "No Journal Entry Reoulied" in the first account fiefid)

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