Hello, I was helped yesterday with the attached problem and i got your answer but I am looking for more detailed breakdown of how you obtained your totals for liabilities and assets. I am basically looking to just see your totals separated to so I can see what makes up the totals. I have attached the problem again, my work for the problem, and your spreadsheet (Equity Method Excel) you created. If you could help me with this it would be awesome. I am looking for a breakdown of the 3,900,000, -1,020,000, and also the Investment account analyzed at the end which is #4 in the equity method problem. Most of what needs to be done is already provided, shouldn't be too much work. Thanks!

\f1 Cash paid less Net worth Total Assets Total Liabilities Income before Acquisitioion Good Will $ 5,000,000 3900000 -1020000 $ $ $ 2,880,000 72,000 2,048,000 $ 72,000 2 Equity Income 20000*6*0.6 3 title of account Investment in S Company Cash Debit Credit $ 5,000,000 $ 5,000,000 Investment in S Company Equity Income $ Cash Investment in S Company $ 72,000 $ 72,000 $ 120,000 $ $ $ $ 5,000,000 72,000 (120,000) 4,952,000 120,000 4 Investmnet in S Company add Equity Income less dividend Investmnet in S Company 12/31/07