Equity Method Investment Several Years After Acquisition On January 2, 2014, Best Beverages acquired 45 percent of the stock of Better Bottlers for $30 million in cash. Best Beverages accounts for its investment using the equity method. At the time of acquisition, Better Bottlers' balance sheet was as follows (in millions): Valuation of Better Bottlers' assets and liabilities revealed that its reported patents and trademarks (10-year life) had a fair value of $160 million and it had unrecognized brand names (15-year life) worth S9 million. Better Bottlers' December 31, 2017, retained earnings balance is $25 million. For 2017, it reported net income of $2.5 million and paid $650, 000 in dividends. Required a. Prepare the 2017 entries to report the above information on Best Beverages' books. b. Calculate the Investment in Better Bottlers balance, reported on Best Beverages' December 31, 2017, balance sheet