Investor acquired 40% of the voting common shares of Investee on January 1, 2019, at a total cost of $250. At the end of 2019, Investee reported $80 in net income and declared and paid $50 in total dividends to all shareholders for the period. At the end of 2020, Investee reported a net loss of $40. 11) What is the journal entry to record the purchase of this investment? 12) On Investor's balance sheet, what is the carrying value of the investment in Investee at December 31, 2019? 13) On Investor's balance sheet, what is the carrying value of the investment in Investee at December 31, 2020? 14) How should the revenue be allocated between the two items (soda and potato chips) when a customer, using the discount, buys both items for $12? 15) Which of the following describes a benefit plan for employees where the benefit/payments to (retired) employees are determined by the plan, employer contribution varies (determined by actuaries), and the risk is borne by the employer in that it must make sure that enough plan assets are allocated to cover eventual pension obligations? 16) 401(k) plans and 403b plans are examples of which type of plan? 17) Consider the VBO, ABO, and PBO as they relate to pension plans. List them in order of their dollar value, with the largest one first, the middle one second, and the smallest of the three last 18) Gamma had previously recorded a deferred tax asset of $400 due to a temporary difference due to warranty liabilities ($1000 x 40%). It now believes it is more likely than not that it will not realize 30% of the deferred tax asset. What is the necessary J.E. to record the valuation allowance adjustment? 19) Gamma reported sales of $5,000 in 2019 and no permanent book-tax income differences. It also recorded an estimated product warranty liability and the related warranty expense of $1,100 for book purposes. There were no additional expenses in 2019. Under tax law, Gamma cannot deduct the estimated warranty expense until it actually provides the services by repairing the product (pays for repairs). The company's tax rate is 40%. What is the JE for I.T. expense for 2019? 20) Continuing the previous example, assume that Gamma made actual warranty repairs at a total cost of $1,100 in 2020. It also reported $3,000 in sales revenue and no additional expenses for the vear. Tax rate is 40%. No other book/tax differences. What is the JE for I.T. expense for 2020