estion 1 Anderson Company acquired 40 percent of the outstanding voting s decision making. The book value of Beech's net assets on that date v year remaining life. Beech owned a royalty agreement with a 5-year Beech reported net income of $80,000 in 2020 and $100,000 in 2021 Anderson sold inventory with an original cost of $28,000 to Beech d are to be sold to outside parties during 2021. During 2021, Anderson made additional inventory sales of $80,000 t Anderson until 2022. Answer the following questions: (Do not add dollar sign; do not add comma to your amount; rou 1. How much of Anderson's $360,000 payment for Beech attributa 2. What amount should Anderson report for it Equity in Beech Ear 3. What amount should Anderson report for its Investment in Beec Question 1 of 12 40 points cock of Beech Company on January 1, 2020, for $360,000 in cash and had the ability to significantly influence the investee's operations and was $600,000, although one of the company's buildings, with a $70,000 carrying amount, was actually worth $120,000. This building had a 10. remaining life that was undervalued by $100,000, Anderson attributed to goodwill any unidentified excess cost, Dividends of S10,000 and 515,000 are declared and paid in 2020 and 2021, respectively, Huring 2020 at a price of $40,000. Beech'still held $10,000 (transfer price) of this amount in inventory as of December 31, 2020. These goods to Beech during the period. The original cost of the merchandise was $64,000. Beech did not resell 25 percent of these 2021 purchase from und the answer to the whole number) atable to goodwill? Camnings on its income statement for year 2021? ech on its balance sheet at the end of 2021? estion 1 Anderson Company acquired 40 percent of the outstanding voting s decision making. The book value of Beech's net assets on that date v year remaining life. Beech owned a royalty agreement with a 5-year Beech reported net income of $80,000 in 2020 and $100,000 in 2021 Anderson sold inventory with an original cost of $28,000 to Beech d are to be sold to outside parties during 2021. During 2021, Anderson made additional inventory sales of $80,000 t Anderson until 2022. Answer the following questions: (Do not add dollar sign; do not add comma to your amount; rou 1. How much of Anderson's $360,000 payment for Beech attributa 2. What amount should Anderson report for it Equity in Beech Ear 3. What amount should Anderson report for its Investment in Beec Question 1 of 12 40 points cock of Beech Company on January 1, 2020, for $360,000 in cash and had the ability to significantly influence the investee's operations and was $600,000, although one of the company's buildings, with a $70,000 carrying amount, was actually worth $120,000. This building had a 10. remaining life that was undervalued by $100,000, Anderson attributed to goodwill any unidentified excess cost, Dividends of S10,000 and 515,000 are declared and paid in 2020 and 2021, respectively, Huring 2020 at a price of $40,000. Beech'still held $10,000 (transfer price) of this amount in inventory as of December 31, 2020. These goods to Beech during the period. The original cost of the merchandise was $64,000. Beech did not resell 25 percent of these 2021 purchase from und the answer to the whole number) atable to goodwill? Camnings on its income statement for year 2021? ech on its balance sheet at the end of 2021