E1.17 Consequences of Investment Reporting Choices all of the stock of Bubbly Bottler on January 1,2019, at a cost of $950 million in cash. Bubbly's balance sheet on that date is as follows (in millions): Assume The Coca-Cola Company acquires $1000 Liabilities $900 100 Equity Total liabilities and equity Total assets . $1,000 $1,000 Bubbly's tangible assets and liabilities are reported at amounts approximating fair value, and the excess paid over book value is attributed entirely to goodwill Required a. Assume that Coca-Cola reports its investment in Bubbly as a significant influence investment, be cause although it owns all of Bubbly's stock, the decision-making structure at Bubbly does not allow Coca-Cola to control Bubbly. How does Coca-Cola record the investment at January 1,2019? b Now assume that Coca-Cola controls Bubbly and reports the acquisition as a merger. How does Coca-Cola record the investment at January 1, 2019