B) Compute the balance in Peel's investment in split Products company stock account on 12/31/20X9

I have 234,000+100,000+56800-21000= $369800 ( I am not sure if I am missing the amortization change)

Peel Corporation purchased 60 percent of Split Products Company's shares on December 31, 20x7, for $216,000. At that date. the fair value of the noncontrolling interest was $144,000. On January.' 1, 20)\"), Feel purchased an additional 20 percent of Split's common stock for $100,000. Summarized balance sheets for Split on the dates indicated are as follows: 26x: 28:53 :2ax9 Assets Cash 5 49,000 5 79,300 $ 99,009 Accounts Receivable 56,800 96,000 126,800 Inventory 71,000 101,000 161,000 Buildings 0 Equipment (net) 360,800 348,000 320,800 Total Assets $536,000 $616,000 $706,000 Liabilities 0 Equities Accounts Payable $ 71,000 $121,000 $161,000 Bonds Payable 105, 000 105, 000 105, 000 Common Stock 155,000 155,000 155,000 Retained Earnings 205,800 235,000 285,000 Total Liabilities & Equities $536,800 $616,000 $706,800 Split paid dividends of $21,000 in each of the three years. Peel uses the equity' method in accounting for its investment in Split and amortizes ail differentials over 10 years against the related investment income. All differentials are assigned to patents in the consoiidated nancial statements. Required: 3. Compute the balance in Peel's Investment in Spiit Products Company Stock account on December 31, 20KB. b. Compute the balance in Peel's Investment in Split Products Company Stock account on December 31, 20x9