Instructions: 1. Complete the following entries on the books of Mars Company under each of the methods indicated. (A) Simple Equity Method (B) (C) Sophisticated Cost Equity Method Method Event 20X5 Investment in Mars To record investment Company in Mars Company Cash Investment in Mars Subsidiary income of Company $45,000 reported to Subsidiary parent income Cash Dividends of $12.000 Investment in Mars paid by Mars Company 20X6 Investment in Mars Subsidiary income of Company $52,000 reported to Subsidiary parent income Cash Dividends of $18,000 Investment in Mars paid by Mars Company Instructions: 1. Complete the following entries on the books of Mars Company under each of the methods indicated. (A) Simple Equity Method (B) (C) Sophisticated Cost Equity Method Method Event 20X5 Investment in Mars To record investment Company in Mars Company Cash Investment in Mars Subsidiary income of Company $45,000 reported to Subsidiary parent income Cash Dividends of $12.000 Investment in Mars paid by Mars Company 20X6 Investment in Mars Subsidiary income of Company $52,000 reported to Subsidiary parent income Cash Dividends of $18,000 Investment in Mars paid by Mars Company