Chs Help Seven Su Check my w On January 1, 2017 Corgan Company acoured 80 percent of the outstanding voting stock of Smashing inc for a total of S900 000 in cash and other comidoration as the acoustion date Smashing had common stock of 5700000, retained earnings of $250.000, and noncontroting interest for value of $245.000. Corgan attracted the excess of fair value over Smashing's book value to various covenants with a 20 year remaining Corgan uses the equity method to account for its investment in Smashing During the next two years, Smashing reported the following Dividends Bet Income Declared 2017 51. 15. 2018 1 5 . Tentory Purchases from Corgan 10. Corgan seks inventory to smashing using a 60 percent markup on cont At the end of 2017 and 2010, 40 percent of the current year purchase an in v lory B e wonnect ion.com tow.com Help Seve Check Corgan sells inventory to Smashing using a 60 percent markup on cost. At the end of 2017 and 2018, 40 percent of the cu year purchases remain in Smashing's inventory a. Compute the equity method balance in Corgan's Investment in Smashing, Inc, account as of December 31, 2018 b. Prepare the worksheet austments for the December 31, 2018, consolidation of Corgan and Smashing Complete this question by entering your answers in the table Required A Required Compute the equity method balance in Coroan's novestment in Smashine, Inc., account as of December 31, 2018 Regul > hp Chs Help Seven Su Check my w On January 1, 2017 Corgan Company acoured 80 percent of the outstanding voting stock of Smashing inc for a total of S900 000 in cash and other comidoration as the acoustion date Smashing had common stock of 5700000, retained earnings of $250.000, and noncontroting interest for value of $245.000. Corgan attracted the excess of fair value over Smashing's book value to various covenants with a 20 year remaining Corgan uses the equity method to account for its investment in Smashing During the next two years, Smashing reported the following Dividends Bet Income Declared 2017 51. 15. 2018 1 5 . Tentory Purchases from Corgan 10. Corgan seks inventory to smashing using a 60 percent markup on cont At the end of 2017 and 2010, 40 percent of the current year purchase an in v lory B e wonnect ion.com tow.com Help Seve Check Corgan sells inventory to Smashing using a 60 percent markup on cost. At the end of 2017 and 2018, 40 percent of the cu year purchases remain in Smashing's inventory a. Compute the equity method balance in Corgan's Investment in Smashing, Inc, account as of December 31, 2018 b. Prepare the worksheet austments for the December 31, 2018, consolidation of Corgan and Smashing Complete this question by entering your answers in the table Required A Required Compute the equity method balance in Coroan's novestment in Smashine, Inc., account as of December 31, 2018 Regul > hp