2. (37 points) Below are the balance sheets of Big and Small at 0L/01/2015 right before Big bought 100% of company Small's shares and make Small its subsidiary Big 25,000,000 30,000,000 50,000,000 100,000,000 70,000,000 Market ValueCO Cash 5,000,000 5,000,000 7,000,000 5,000,000 5,000,000 7,000,000 Inventory 20,000,000 30,000,000 30,000,000 Land PPE 0,000,000 Patent 35,000,000 10,000,000 Total Asset 310,000,000 87,000,000 97,000,000 150,000,000(85,000,000) (85,000,000 (2,000,000) 000,000 (80,000,00O (300,000) Common Stock ADPC Retained Earnings Total liabilities and Equity (310,000,000 1,000,000 (700,000) (87,000,00o) Note that Big spent $20,000,000 for 100% shares of company small. PPE at 01/01/2015 had 4 years of useful life left while Patent of Small at 01/01/2015 had 10 years of useful life left. What are the journal entries for big to record the investing action. What are the joumal entries for Small to record such activities? (6 points) Please fill in the consolidated balance at 01/01/2015. Note that you have to add the account name if some accounts that should appear on the consolidated financial statement are missing (15 points) Assuming that small reports net income in the amount of $800,000, $1,000,000, S1,100,000, 900,000, and S1,200,000 and gives cash dividends in the amount of $100,000, S200,000, 5200,000, $300,000 and S300,000, sor 2015, 2016, 2017, 2018 and 2019. Please calculate a. b. c. investment income for 2015, 2016 and 2017,2018 and 2019 respectively and also calculate the balance of the investment account by the end of cach year (16 points)