Kroft Foods acquired Codberry Inc on January 2013. for 540.000.000, in a stock acqusition Codberry's aquestion date assets and abilities were reported at amounts approximating fair vatur, except its inventores IPFO) were overvalued by $2,000,000, its property and equipment (20-year remaining life, straight was overvalued by $10,000,000, and had previously unreported identifiable intangibles 5-year remaining ife. Straight line with a fair value of $14,000,000. Goodwill from this acquisition was impaired by $1,000,000 during 2019. Kroft uses the complete equity method to account for the investment on its own books. Belowe the December 31, 2019 trial balances of Kroft and Codberry OrC) Krone Codiberty Current 1.000.000 1.200.000 Property and out 10.000.000.000.000 1.1.200.000 Les 087.500.000 200.000 Capo 09.000.000.000.000 and ! cons.com Dividende 500.000 10.000.000.000.000 Equity income of Cochem 700.000 Castelo 10.000.000 15.000.000 000.000 2.000.000 D Question 3 1 pts Working paper eliminating entry (C) is: o Investment in Codberry 1,700,000 Equity in net income of Codberry 1,700,000 Dividends 500,000 Investment in Codberry 1,200,000 Equity in net income of Codberry 1,700,000 Equity in net income of Codberry 1,700,000 Dividends 500,000 Investment in Codberry 1,200,000 Equity in net income of Codberry 1,700,000 Investment in Codberry 1.700,000 Question 4 1 pts Working paper eliminating entry (E) is: O Capital stock 2,000,000 Investment in Codberry 2,000,000 Capital stock 2,000,000 Retained earnings, January 1 20,500,000 Investment in Codberry 22,500,000 O Capital stock 2,000,000 Retained earnings, January 1 36,500,000 Investment in Codberry 38,500,000 Investment in Codberry 38,500,000 Capital stock 2,000,000 Retained earnings, January 1 36,500,000