| | a Search Chapter 5h Check my work On January 1,. 2017, QuickPort Company acquired 90 percent of the outstanding voting stock of NetSpeed, Inc., for $1,035,000 in cash and stock options. At the acquisition date, NetSpeed had common stock of $1,090.000 and Retained Earnings of $54,500. The acquisition-date fair value of the 10 percent noncontrolling interest was $115,000 QuickPort attributed the $5,500 excess of NetSpeed's fair value over book value to a database with a five-year remaining life 33.33 points During the next two years, NetSpeed reported the followin Net Income Declared 2017 $7,700 1,100 2018 11,000.100 On July 1, 2017, QuickPort sold com accumulated depreciation of $15,900 and an estimated remaining ife of three years at the date of the intra-entity tr nmunication equipment to NetSpeed for $8.500. The equipment originally cost $22,000 and had . Compute the equity method balance in QuickPort's Investment in NetSpeed, Inc, account as of Decembes 31, 2018 b. Prepare the worksheet adjustments for the December 31, 2018, consolidation of QuickPort a nd NetSpeed Complete this question by entering your answers in the tabs below Required A Required B Prey 10f 3 Next > Hill