E13-15 Equity Method Miller Corporation acquired 30% of the outstanding common stock of Crowell Corporation for LO 13.6 $160,000 on January 1, 2018, and obtained significant influence. The purchase price of the shares was equal to their book value. During 2018, the following information is available for Crowell: Mar. 31 Declared and paid a cash dividend of $50,000. SHoW June 30 Reported semiannual earnings of $120,000 for the first half of 2018 ME HOW Sept. 30 Declared and paid a cash dividend of $50,000 Dec. 31 Reported semiannual earnings of $140,000 for the second half of 2018. Required 1. Prepare journal entries for Miller to reflect the preceding information. 2. What is the balance in Miller's investment account on December 31,20182 Show your computations