Assume that Big Company owns a $20$ percent interest in Little Company purchased on

January $1,2017,$ for $$210,000.$ Little then reports net income of $$200,000,$ $$300,000,$ and

$$400,000,$ respectively, in the next three years while declaring dividends of $$50,000,$

$$100,000,$ and $$200,000.$

a$.$ Record the initial purchase.

b$.$ Record the first year income and dividends.

c$.$ Find the carrying amount of investment in Little on $12/31/2019$