Chapter one Case 1, please answer all Questions from 1-7 based on the following Case? Starge Inc. owns 30% of the outstanding voting common stock of Ticker Co, and has the ability to significantly influence the investee's operations and decision making. On January 1, 2018, the balance in the Investment in Ticker Co. account was $403,159. Amortization associated with this acquisition is $8,111 per year. During 2018, Ticker earned an income of $108,899 and paid cash dividends of $36,897. Previously in 2017, Ticker had sold inventory costing $28,988 to Starge for $48,956. All but 25% of this merchandise was consumed by Starge during 2017. The remainder was used during the first few weeks of 2018. Additional sales were made to Starge in 2018; inventory costing $33,987 was transferred at a price of $61,258. Of this total, 40% was not consumed until 2019. 1 What amount of equity income would Sinc have recognized in 2018 from its ownership interest in T inc. * (2 Points) Enter your