30. Equity Method Account Activity Lions Gate Entertainment Corp. (Lionsgate) has numerous equity method investments. The following excerpt is from Lionsgate's March 31, 2017 SEC Form 10-K: Equity Method Investments: The carrying amounts of equity method investments at March 31, 2017 and March 31, 2016 were as follows: March 31, 2017 March 31, 2016 March 31, 2017 Ownership Percentage Equity Method Investee (Amounts in millions) EPIX... Pop.. Other 31.15% 50.0% Various $188.8 96.8 37.3 $171.8 98.7 27.0 $322.9 $297.5 Equity interests in equity method investments for the year ended March 31, 2017, 2016, and 2015 were as follows (income (loss)): Year Ended March 31, Equity Method Investee (amounts in millions) 2017 2016 2015 EPIX.. Pop.. Other. $31.0 (6.9) (13.4) $10.7 $52.1 (1.8) (6.1) $48.7 (9.6) 13.4 $44.2 $52.5 Pop. Pop is the Company's joint venture with CBS. During the year ended March 31, 2017, the Com- pany made contributions of $5.0 million to Pop (2016$8.8 million, 2015$15.0 million). Lionsgate owned the same proportion of Pop's equity at March 31, 2017, 2016 and 2015. a. Using the facts presented in this exercise, what is the total amount of dividends declared and paid by Pop during the year ended March 31, 2017? b. Assume the total amount of dividends declared and paid by Pop during the year ended March 31, 2016 is the same as the year ended March 31, 2017. What is the balance of Lionsgate's equity investment in Pop on March 31, 2015? 30. Equity Method Account Activity Lions Gate Entertainment Corp. (Lionsgate) has numerous equity method investments. The following excerpt is from Lionsgate's March 31, 2017 SEC Form 10-K: Equity Method Investments: The carrying amounts of equity method investments at March 31, 2017 and March 31, 2016 were as follows: March 31, 2017 March 31, 2016 March 31, 2017 Ownership Percentage Equity Method Investee (Amounts in millions) EPIX... Pop.. Other 31.15% 50.0% Various $188.8 96.8 37.3 $171.8 98.7 27.0 $322.9 $297.5 Equity interests in equity method investments for the year ended March 31, 2017, 2016, and 2015 were as follows (income (loss)): Year Ended March 31, Equity Method Investee (amounts in millions) 2017 2016 2015 EPIX.. Pop.. Other. $31.0 (6.9) (13.4) $10.7 $52.1 (1.8) (6.1) $48.7 (9.6) 13.4 $44.2 $52.5 Pop. Pop is the Company's joint venture with CBS. During the year ended March 31, 2017, the Com- pany made contributions of $5.0 million to Pop (2016$8.8 million, 2015$15.0 million). Lionsgate owned the same proportion of Pop's equity at March 31, 2017, 2016 and 2015. a. Using the facts presented in this exercise, what is the total amount of dividends declared and paid by Pop during the year ended March 31, 2017? b. Assume the total amount of dividends declared and paid by Pop during the year ended March 31, 2016 is the same as the year ended March 31, 2017. What is the balance of Lionsgate's equity investment in Pop on March 31, 2015
