I only need to know how the Tutor got 32% and what percent that would be if thr owner ship changes to another percent example 30 percent. Thanks.

NEW = Chegg Study Textbook Solutions Expert Q&A Practice Question: On January 1, 2018, Pine Company owns 40 percent (40,000 See this question in the app On January 1, 2018, Pine Company owns 40 percent (40,000 shares) of Seacrest, Inc., which it purchased several years ago for $182,000. Since the date of acquisition, the equity method has been properly applied, and the carrying amount of the investment account as of January 1, 2018, is $293,600. Excess patent cost amortization of S12,000 is still being recognized each year. During 2018, Seacrest reports net income of $342,000 and a $120,000 other comprehensive loss, both incurred uniformly throughout the year. No dividends were declared during the year. Pine sold 8,000 shares of Seacrest on August 1, 2018, for 593,000 in cash. However, Pine retains the ability to significantly influence the investee. During the last quarter of 2017, Pine sold 550,000 in inventory (which it had originally purchased for only $30,000) to Seacrest. At the end of that fiscal year, Seacrest's inventory retained $10,000 (at sales price) of this merchandise, which was subsequently sold in the first quarter of 2018. On Pine's financial statements for the year ended December 31, 2018, what income effects would be reported from its ownership in Seacrest? (Round your answers to the nearest whole dollar.) Other Comprehensive Loss is what? Gain on Sale of Investment is what? Equity Income is what? subsequently sold in the first quarter of 2018. On Pine's financial statements for the year ended December 31, 2018, what income effects would be reported from its ownership in Seacrest? (Round your answers to the nearest whole dollar.) Other Comprehensive Loss is what? Gain on Sale of Investment is what? Equity Income is what? Expert Answer Was this answer helpful? 1 0 Akssha answered this 207 answers Answer: Calculation of other comprehensive loss Seacrest, Inc. 1/1/18 to 8/1/18 ($120,000 x 40% x 7/12 year) (28,000) 8/1/18 to 12/31/18 ($120,000 x 32% * 5/12 year) (16,000) Total Other Comprehensive Loss $(44,000)