Computational Problems: Provide solutions to the following problems using good form. Properly label all work, show all calculations and not any assumptions you make. Each problem is worth 20 points each. 1) On January 1, 2013, Platt Corporation purchased a 30% interest in Sandig Company for $450,000. On this date, the fair values of Sandig's assets and liabilities are assumed to be the same as their bok values. Platt will account for Sandig using the equity method. Sandig's adjusted trial balance at the date of acquisition and year end were as follows: January 1 $120,000 December 31 $160,000 Debits Current assets Noncurrent assets Expenses Dividends (paid June 30) 420,000 390,000 40,000 $1,010,000 460,000 450 Total Credits Current Liabilities $90,000 250,000 140,000 530,000 $1,010,000 $120,000 250,000 140,000 Capital stock Beginning Retained earnings Sales Total ne Required What is Platt's investment income from Sandig.for the year ending December 31, 2013? 5809000 (00/000 Calculate Platt's investment in Sandig at year end December 31, 2013. S0,000-30, 1s000