Equity investment accounting Assume on January 1, 2015 a parent company a 750 interest in a subsidiary voting common stock on the date of acouisition the fair value of the subsidiary not assetseguated their reported book values, on January 1, 2017, the subsidiary purchased building for 8576.000. The bulane hasa urohoto of 8 years and is depreciated on a straight ane basts with no sutrage value on. January 1, 2012, the subsidiary sold the building to the parent for 504000. The paren t that the building as a sy remaining useful and have the the straight line method of amortization for the year ending December 31, 2017, the parents and an income net income before recording any adjustments related to pre consolidation investment accounting in s600.000. The subsidiary's recorded net income is 120.000 income from Equity investment son parents pre-consolidations books preceding consolidations 145.000 5102.000 590.000 $30,000 Check