E3-I Compare alternative methods for recording income: Rovira Co. acquires an 80% interest on Sultana Co. common stock for $360,000 cash (450,00080%) on January 1, 2021. At that time Sultana has the following balance sheet: Appraisals indicates that accounts are fairly stated, except for the equipment, which has fair value of $225,000, and the remaining useful life of five years. Any remaining excess is goodwill. Sultana experiences the following changes in Retained Earnings during 2021 and 2022. Prepare a determination and distribution of excess schedule for the investment in Sultana Co. (a value analysis is not needed). Prepare journal entries that Rovira Co. would make on its books to record income earned and/or dividends received on its investment in Sultana Co. during 2021 and 2022 under the simple equity and cost methods