I. Prep pays $105,000 for 80% interest in Snap on January 1 2006, when Snap stockholders' equity consists of S60,000 capital stock and $30,000 retained earnings. The excess of investment cost is allocated to patents with the 15 Years Amortization. During the year Snap's net income is $30,000 and Pay dividend $15,000. a. Calculation the income from Snap and Journal Entry? b. Dividends from Snap and Journal Entry c. Investment is Snap during the year and Journal Entry d. Minority interest expense and Journal Entry e. What is the minority interest balance at the end of the year and Journal Entry f. What is Invest balance of Prep in Snap at the end of the year and Journal Entry