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eBook Calculator Stuart Laurier Sales revenue $3,200 Sales revenue $500 Income from investment in Laurien Total revenue Total revenue 500 Cost of goods sold $920 Cost of goods sold $160 Depreciation expense 410 Depreciation expense 95 Other expenses 680 2,010 Other expenses 135 390 Net income $7 Net income $110 The acquisition cost of Stuart's 100 % ownership interest in Laurier equalled its book value on Laurier's records. During 2018, Laurier paid a cash dividend of $25 to Stuart. Required: 1. Calculate the income from investment in Laurier as reported on Stuart's statement of earnings. Stuart Corporation Calculation of Income from Subsidiary For the Year Ended December 31, 2018 Net income reported by Laurier Stuart's share of Laurier Income from investment in Laurier Feedback Previous Check My Work Save and Exit Submit Assignme All work saved. ENG Stuart's share of Laurier Income from investment in Laurien Foedback Check My Work Partially correct 2. Calculate the 2018 net income reported by the parent company (Stuart) on its statement of earnings. Stuart Corporation Parent Company Statement of Eanings For the Year Ended December 31, 2018