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3. (25 pts) Arami Company purchased common stock in Ramona Company for $400,000. In the Darrent year. Ramona Company reported net income of $50,000 and

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3. (25 pts) Arami Company purchased common stock in Ramona Company for $400,000. In the Darrent year. Ramona Company reported net income of $50,000 and paid a dividend of S32,000. At the end of the year, the market value of the investment in Ramona Company was $410,000. 4) Assume Arami Company owns 10% of the shares of Ramona Company, Arami Company considers the investment to be available-for-sale securities. Show the effects of the transactions above on the accounts of Arami Company using the balance sheet equation. B) Assume Arami Company owns 25% of the shares of Ramona Company. Show the effects of the transactions above on the accounts of trami Company using the balance sheet equation

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