. Liabilities (238,8ee) (220,288) 5 points Also, as of January 1, 2020. Sauk Trail's computing equipment had a seven year remaining estimated useful life. The patented technology was estimated to have a three-year remaining useful life. The trademark's useful life was considered indefinite. Ridge Road attributed to goodwill any unidentified excess cost. During the next two years, Sauk Trail reported the following net income and dividends: - Eook Dividends Declared $ 195, eee 285, een Net Inconc $ 1,898,888 2,875,888 2828 2821 Print a. How much of Ridge Road's $3,600.000 payment for Sauk Trail is attributable to goodwill? b. What amount should Ridge Road report for its equity in Sauk Trail's earnings on its income statements for 2020 and 2021? c. What amount should Ridge Road report for its investment in Sauk Trail on its balance sheets at the end of 2020 and 2021? References Complete this question by entering your answers in the tabs below. Req Rea Band How much of Ridge Road's $3,600,000 payment for Sauk Trail is attributable to goodwill? Goodwill 5 points On January 1, 2020, Ridge Road Company acquired 25 percent of the voting shares of Sauk Trail, Inc., for $3.600.000 in cash. Both companies provide commercial Internet support services but serve markets in different industries. Ridge Road made the investment to gain access to Sauk Trail's board of directors and thus facilitate future cooperative agreements between the two firms, Ridge Road quickly obtained several seats on Sauk Trail's board, which gave it the ability to significantly influence Sauk Trail's operating and investing activities. The January 1, 2020, carrying amounts and corresponding fair values for Sauk Trail's assets and liabilities follow: eBook Cash and receivables Computing equipment Patented technology Trademark Liabilities Carrying Amount $ 155,000 5,485,00 145,038 195,00 (238,000) Fair Value 155, Bee 6,420, Bee 4,098,800 2,esa,aee (238,Bee) Pint D References Also, as of January 1, 2020, Sauk Trail's computing equipment had a seven-year remaining estimated useful life. The patented technology was estimated to have a three year remaining useful life. The trademark's useful life was considered indefinite. Ridge Road attributed to goodwill any unidentified excess cost. During the next two years, Sauk Trail reported the following net income and dividends: 2020 2e21 Net Income $ 1,890, Bee 2,75,00 Dividends Declared $ 195,000 2es, ne a. How much of Ridge Road's $3,600,000 payment for Salik Trail is attribuitable to goodwill? b. What amount should Ridge Road report for its equity in Sauk Trail's earnings on its income statements for 2020 and 2021? c. What amount should Ridge Road report for its investment in Sauk Trail on its balance sheels at the end of 2020 and 2021? Complete this question by entering your answers in the tabs below. Req A Red Band Liabilities (21,880) (239, eee) 5 points Also, as of January 1, 2020, Sauk Irail's computing equipment had a seven-year remaining estimated useful lile. The patented technology was estimated to have a three-year remaining uselul life. The trademark's uselul life was considered indefinite. Ridge Road allributed to goodwill any unidenlilied excess cost. During the next two years, Sauk Trail reporled the following nel income and dividends: Dividends look Declared 2826 2021 Net Incore $ 1,898,888 2,975, eee $ 195,00 285,90 a. How much of Ridge Road's $3,600,000 payment for Sauk Trail is attributable to goodwill? b. What amount should Ridge Road report for its equity in Sauk Trail's earnings on its income statements for 2020 and 2021? c. What amount should Ridge Road report for its investment in Sauk Trail on its balance sheets at the end of 2020 and 2021? References Complete this question by entering your answers in the tabs below. Reg A Req Band C b. What amount should Ridge Road report for its equity In Sauk Trall's earnings on Its Income statements for 2020 and 20217 c. What amount should Ridge Road report for its Investment in Sauk Trail on its balance sheets at the end of 2020 and 20212 2020 2021 b. Equily in Sauk Trail's earnings Investment in Sauk Trail 5 points On January 1, 2020, Ridge Road Company acquired 25 percent of the voting shares of Sauk Trail, Inc., for $3.600.000 in cash. Both companies provide commercial Internet support services but serve markets in different industries. Ridge Road made the investment to gain access to Sauk Trail's board of directors and thus facilitate future cooperative agreements between the two firms, Ridge Road quickly obtained several seats on Sauk Trail's board, which gave it the ability to significantly influence Sauk Trail's operating and investing activities. The January 1, 2020, carrying amounts and corresponding fair values for Sauk Trail's assets and liabilities follow: eBook Cash and receivables Computing equipment Patented technology Trademark Liabilities Carrying Amount $ 155,000 5,485,00 145,038 195,00 (238,000) Fair Value 155, Bee 6,420, Bee 4,098,800 2,esa,aee (238,Bee) Pint D References Also, as of January 1, 2020, Sauk Trail's computing equipment had a seven-year remaining estimated useful life. The patented technology was estimated to have a three year remaining useful life. The trademark's useful life was considered indefinite. Ridge Road attributed to goodwill any unidentified excess cost. During the next two years, Sauk Trail reported the following net income and dividends: 2020 2e21 Net Income $ 1,890, Bee 2,75,00 Dividends Declared $ 195,000 2es, ne a. How much of Ridge Road's $3,600,000 payment for Salik Trail is attribuitable to goodwill? b. What amount should Ridge Road report for its equity in Sauk Trail's earnings on its income statements for 2020 and 2021? c. What amount should Ridge Road report for its investment in Sauk Trail on its balance sheels at the end of 2020 and 2021? Complete this question by entering your answers in the tabs below. Req A Red Band Liabilities (21,880) (239, eee) 5 points Also, as of January 1, 2020, Sauk Irail's computing equipment had a seven-year remaining estimated useful lile. The patented technology was estimated to have a three-year remaining uselul life. The trademark's uselul life was considered indefinite. Ridge Road allributed to goodwill any unidenlilied excess cost. During the next two years, Sauk Trail reporled the following nel income and dividends: Dividends look Declared 2826 2021 Net Incore $ 1,898,888 2,975, eee $ 195,00 285,90 a. How much of Ridge Road's $3,600,000 payment for Sauk Trail is attributable to goodwill? b. What amount should Ridge Road report for its equity in Sauk Trail's earnings on its income statements for 2020 and 2021? c. What amount should Ridge Road report for its investment in Sauk Trail on its balance sheets at the end of 2020 and 2021? References Complete this question by entering your answers in the tabs below. Reg A Req Band C b. What amount should Ridge Road report for its equity In Sauk Trall's earnings on Its Income statements for 2020 and 20217 c. What amount should Ridge Road report for its Investment in Sauk Trail on its balance sheets at the end of 2020 and 20212 2020 2021 b. Equily in Sauk Trail's earnings Investment in Sauk Trail