D. $7,786 credit balance in FVA-AFS 4. 15 POINTS] On January 1 of year 1, Etna...

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D. $7,786 credit balance in FVA-AFS 4. 15 POINTS] On January 1 of year 1, Etna Green Company purchased 25% or 2,500 shares of the 10,000 outstanding shares of Logansport Inc. for a total of $100,000. At the time of the purchase, the book value of Logansport's equity (equal to net assets) was $250,000. Any excess of investment purchase price over the book value of Logansport's net assets is attributable to a building owned by Logansport. There is no goodwill. The building has a remaining useful life of 15 years and is depreciated straight-line with zero, $0, salvage value. Logansport's net income in year 1 was $72,000. Dividends per share declared and paid by Logansport were $2.00 in year 1. Income reported by Etna Green on Etna's income statement for its investment in Logansport for year 1 is: A. $10,000 B. $13,000 C. $15,500 D. $18,000 000,000 1822 1.000,002 400-000 D. $7,786 credit balance in FVA-AFS 4. 15 POINTS] On January 1 of year 1, Etna Green Company purchased 25% or 2,500 shares of the 10,000 outstanding shares of Logansport Inc. for a total of $100,000. At the time of the purchase, the book value of Logansport's equity (equal to net assets) was $250,000. Any excess of investment purchase price over the book value of Logansport's net assets is attributable to a building owned by Logansport. There is no goodwill. The building has a remaining useful life of 15 years and is depreciated straight-line with zero, $0, salvage value. Logansport's net income in year 1 was $72,000. Dividends per share declared and paid by Logansport were $2.00 in year 1. Income reported by Etna Green on Etna's income statement for its investment in Logansport for year 1 is: A. $10,000 B. $13,000 C. $15,500 D. $18,000 000,000 1822 1.000,002 400-000