Curson 8 Not yet answered Marked out of 27.00 Assume that, on January 1, 2019, Kuehler Company acquired a 80% interest in East Company Uprice the 1000 over the acquisition date. Kuehler uses the cost method to account for its investment in d. Onthosition. Eined earnings date AAP as follows: AAP items Initial Fair Value Useful Life Cyears) PPE 10 Patent 100.000 5 Customer 150.000 5 Goodwill 50,000 indefinite 5650.000 80% of if the Goodwill is allocated to the parent Kuehler and Eastwood report the following financial statements December 31, 2022 Income Statement Kuehler Eastwood D Sales 160.000 $750,000 Cost of goods sold 458.000 -430,000 Gross Profit 400.000 320,000 Income (oss) from subsidiary 10,000 Operating expenses 158,000 - 165.000 Net income 5254,000 $155.000 Statement of Retained Earnings Kuehler Eastwood BOY Retained Earrings 5878,440 5420.000 Net income 254.000 155.000 Dividends - 175.000 -12.500 Ending Retained Emin 3957440 5562,500 Stop sharing Balance Sheet Type here to search O ly 96 5 8 7 3 6 8 1 2 4 W E R T D G I J A S F C B NIM N Curson 8 Not yet answered Marked out of 27.00 Assume that, on January 1, 2019, Kuehler Company acquired a 80% interest in East Company Uprice the 1000 over the acquisition date. Kuehler uses the cost method to account for its investment in d. Onthosition. Eined earnings date AAP as follows: AAP items Initial Fair Value Useful Life Cyears) PPE 10 Patent 100.000 5 Customer 150.000 5 Goodwill 50,000 indefinite 5650.000 80% of if the Goodwill is allocated to the parent Kuehler and Eastwood report the following financial statements December 31, 2022 Income Statement Kuehler Eastwood D Sales 160.000 $750,000 Cost of goods sold 458.000 -430,000 Gross Profit 400.000 320,000 Income (oss) from subsidiary 10,000 Operating expenses 158,000 - 165.000 Net income 5254,000 $155.000 Statement of Retained Earnings Kuehler Eastwood BOY Retained Earrings 5878,440 5420.000 Net income 254.000 155.000 Dividends - 175.000 -12.500 Ending Retained Emin 3957440 5562,500 Stop sharing Balance Sheet Type here to search O ly 96 5 8 7 3 6 8 1 2 4 W E R T D G I J A S F C B NIM N