Homework: Chapter 15 Graded Homework Question 12, EF15-15 (similar to) HW Score: 60.93%, 60.93 of 100 points Part 1 of 6 Points: 3.97 of 9 Save re (bo 3.(sin 3(sim 6151 15-5(s Suppose that on January 6, 2024, Southern Motors paid $220,000,000 for its 35% investment in Power Motors. Southern has significant influence over Power after the purchase Assume Power earned net income of $100,000,000 and paid cash dividends of $10,000,000 to all outstanding stockholders during 2024 (Assume all outstanding stock is voting stock.) Read the requirements Requirement 1. What method should Southern Motors use to account for the investment in Power Motors? Give your reasoning Southern Motors should use the method to account for its investment in Power Motors because the investment zeview