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Prado, bought Of Company on January l. 2010 for S270.W). The equity method Was used. NO amortization was required. In 2010. Shipped to Prado

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Prado, bought Of Company on January l. 2010 for S270.W). The equity method Was used. NO amortization was required. In 2010. Shipped to Prado merchandise With a COSt Of and a selling price of One-third Of the merchandise remained in Prado'S inventory at year-end and was sold in 2011 In 2011. received merchandise Prado, who a 9rOSS profit Of S24.OOO O-n the sale. One-toutth Of the merchandise remained in ending net Of SSO.OCn in 2010 S 72.000 in 2011 Dividends Of Were paid to Prado each Prepare all equity methcxl entries for 2011 _

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