9. Cellphone Inc. acquires 50% of Battery AG in 2014 and needs to record investmenton its balance sheet. Under which accounting method profit margin of Cellphone will be the highest, the lowest? If this investment would be classified as joint venture (proportionate consolidation), what liabilities would be reported on the balance sheet of Cellphone? Year ending 2014 Revenue EBIT Net Income Cellphone Inc Battery AG 1700 153 75 1350 135 68 Total Assets 1421 735 1283 706 Shareholders' equity