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Macedonian Correan only 1, 2017 12.000 On that arque date the value of the nature was SA On the outon dute, Curly reported retained earnies

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Macedonian Correan only 1, 2017 12.000 On that arque date the value of the nature was SA On the outon dute, Curly reported retained earnies of and communion stock stadig of 1000 Muses the equity method in accounting for the investment in Care Assume also that Carleyce reported the following during 2021 OR at the end of 2071 Desember Dividends Deared $ 15,000 Net Income *5.000 Goodwill impairment 1,000 INSTRUCTIONS: Provide correct answers for the indicated blank spaces. Follow these prements 1. If the dollar amount is in a journal entry. DO NO included a dollar sign with that dollar amount. Otherwise, include a dollars for de mots 2. Include a comme delimiter for dollar amounts where appropriate this 6,750 NOT THIS 6750. 3. Account names MUST be spelled correctly. A listing of account names is as follows: Books of MaGrif investment in CurleyClue income from Ourleyue dividend income Loss due to impairment ch REQUIRED Chok Sare and Submit to save and submit. Click Save All Answers to save all answers. Athened to record DATE ACCOUNT NAME DERIT CREDIT 1/1/21 vestment in curlyque 192,000 199,000 cash B. Present the eqully method journal entries required in 2001 according to equity accounting requirements DEBIT CREDIT PR DATE ACCOUNT NAME 12/31/2021 CASH 28,000 28,000 trivestment in CurlyQue 12/31/2021 income from curlyque Click Save and Submit to save and submit. Click Save All Answers to save all ansapers. C. How much goodwill was recognized initially on the January 1, 2021 Consolidated Balance imendiately after the acquisition? D. Due to the impairment, how much Goodwill will be reported on the December 31, 2021 connolidated bolance sheet? E What would your answer be for "C" if at acquisition there was a $55,000 difference between the FV of Curley Que's Equipment and the BV of Curley Que's Equipment

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