mic.com/PageSharormage prow_NEVEPPI OTEO Duplicate this form and start to use it as your own Duplicate it 2 Calculate the investment ending balance of 12/31/2020 (2 points Apple Company plys 70,000 for 10% inferent in Hawn Company Ha a book value of 600,000, although equipment, which han a five you undervalued by 100 000on its books. On January 1, 2019. Apple acquire an 30 of the Howli company for 254,000 this second purchase provides Apple the ability to exert significant influence over Hawaii, and Apple wil now only the equity method. At the time of the transaction, Hawail equipment with four-year life wat undervalued by only $80,000 During these two years Hawali reported the following operational results Year 2018 net incomo210,000 and Dividends 110,000 Year 2019 net income 250,000 and dividend 100,000 Canh dividends are always paid on July 1 of each year and goodwill is considered to have an ndefinite ie in 2020 Howall Company reports 400,000 in income from continuing operational plus 60.000 extraordinary gains. The company pays a cash dividend of 120.000 During the fiscal year Apple sells inventory costing 80.000 to Hawail for 100 000 Hawaii continues to hold 30 percent of this merchandise by the end of 2020 Apple maintains 40 % ownership of little throughout the period CE D. 3 0 5 7 V 8 A 9 9 U P 7 5 G Hij js. t.comPageshop maat 5WwWlGimi VITE Duplicate Duplicate this form and start to its your own 10 How Tuch your quity increw for Year 2020 only (2 1. Apple Company pays 70,000 for 10% interest in How Company Hebook value of 600,000, though equipment, which has a five-year underved by 100,000on its books: On January 1, 2019, Apple acquiren do 30 d the Hawaii company for 264,000 thin second purchase modes Apple the shely to exert significant influence over Hawail, and Apple will now ply the equity method. At the time of the transaction Hawaii equipment with four-year life was undervalued by only 580 000. During these two years Hawail reported the following pperationalerts Year 2018 met income210,000 and Dividends 110,000 Year 2019 met incomo 250,000 and dividend 100,000 Cash dividends are always paid on July 1 of each year and goodwill is considered to have an indefinite We In 2020 Hawaii Company reports 400 000 in income from continuing operational plus 60 000 extraordinary gans. The company pays a cash dividend of 120.000 During the focal year Apple sells inventory costing 80 000 to Hawaii for 100,000 Hawall continues to hold 30 percent of this merchandise by the end of 2020. Apple maintains 40 Ownership of little throughout the period