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Help will thumbs up! Problem 16-4A Heidebrecht Design acquired 25% of the outstanding common stock of Quayle Company on January 1, 2017, by paying $854,000

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Problem 16-4A Heidebrecht Design acquired 25% of the outstanding common stock of Quayle Company on January 1, 2017, by paying $854,000 for the 42,700 shares. Quayle declared and paid $0.30 per share cash dividends on March 15, June 15, September 15, and December 15, 2017. Quayle reported net income of $390,500 for the year. At December 31, 2017, the market price of Quayle common stock was $26 per share

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