Check my wor Fizer Pharmaceutical paid $68 million on January 2, 2018, for 4 million shares of Carne Cosmetics common stock. The investment represents a 25% interest in the net assets of Carne and gave Fizer the ability to exercise significant influence over Carne's operations. Fizer received dividends of $1 per share on December 21, 2018, and Carne reported net income of $40 milion for the year ended December 31, 2018. The air value of Carne's common stock at December 31, 2018, was $18.50 per share. . The book value of Carne's net assets was $192 million. e fair value of Carne's depreciable assets exceeded their book value by $32 million. These assets had an average remaining useful life of eight years. The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to . Required: Complete the table below and prepare the appropriate journal entries related to the investment during 2018. Complete this question by entering your answers in the tabs below. Calculation Journal nt during 2018. (If no entry is required for a transaction/event, select "No Prepare the ap red" in the first account field. Enter your answers in millions, (l.e., 10,000,000 should be entered as 10). View transaction list Journal entry worksheet Next > K Prey 8 of 10 Help Save&Exit Check my . The fair value of Carne's depreciable assets exceeded their book value by $32 million. These assets had an average remaining useful life of eight years. The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to good Required: mplete the table below and prepare the appropriate journal entries related to the investment during 2018. Complete this question by entering your answers in the tabs below. General Calculation Journal Prepare the appropriate journal entries related to the nvestment durng 2018. ur no entry is required for a transaction/event, select No journal entry required in the first account field. Enter your answers in millions, (i.e., 10,000,000 should be entered as 10) View transaction list Journal entry worksheet Record the investment revenues. K Prey 8of 10 E Next >