ABC Inc. purchased 35.000 ming shoes out of 3 inc 50.000 standing on the 500002020 On the date of acquisition, 123s common share and disad 320.000 10000 peyan bookstore wadomakother of which had been previously recorded. The values of andere were $30.000 120.000 On Juary 2 2020 ABC od 7000 shares of 123 on the operator $5050 ABC Inc. Uses the equity method to account for testet in 23 Inc Whats ABCS Ownershor 23 w ABC Inc, purchased 35,000 voting shares out of 123 Inc.'s 50,000 outstanding voting shares for $350,000 on January 1, 2020, On the date of acquisition, 123s common shares and retained earings were valued at $120.000 and $180,000, respectively. 123's book values approx trademark, neither of which had been previously recorded. The fair values of the patent and trademark on the date of acquisition were $30,000 and $ On January 2, 2020, ABC sold 7000 shares of 123 on the open market for $52.750 ABC Inc. uses the equity method to account for its investment in 123 Inc. What percentage of its Investment in 123 was sold by ABC? Moe Choice 30 20 Help Save voting shares for $350,000 on January 1, 2020, alued at $120,000 and $180,000, respectively, 123's book values approximated its fair values on the acquisition date with the exception of a patent and a the patent and trademark on the date of acquisition were $30,000 and $20.000 respectively 57750