2. Reliable Cars has sales of $807,200, total assets of $1,105,100, and a profit margin of $9.68 percent. The firm has a total debt ratio of 78 percent, What is the return on equity? 2. On January 4, 2007, Harley, Inc. acquired 40% of the outstanding common stock of Bike Co. for $2,400,000. This investment gave Harley the ability to exercise significant influence over Bike. Bike's assets on that date were recorded at $10,500,000 with liabilities of $4,500,000. There were no other differences between book and fair values. During 2007. Bike reported net income of $599,555. For 2008, Bike reported net income of $899,555. Dividends of $333,555 were paid in each of these two years. Q2. What was the reported balance of Harley's Investment in Bike Co. at December 31, 2008