Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $744,000 in cash to the owners of Taylor to acquire these shares. In addlition, the remaining 20 percent of Taylor shares continued to trade at a total value of $186,000 both before and after Miller's acquisition On January 1, 2016, Taylor reported a book value of $464,000 (Common Stock $232,000; Additional Paid-In Capital $69,600; Retained Earnings $162,400). Several of Taylor's buildings that had a remaining life of 20 years were undervalued by a total of 61,0 During the next three years, Taylor reports income and declares dividends as follows: Year Net Income Dividends 2016 54,400 70,200 78,000 7,800 11,700 15,600 2017 2018 Determine the appropriate answers for each of the following questions: Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $744,000 in cash to the owners of Taylor to acquire these shares. In addlition, the remaining 20 percent of Taylor shares continued to trade at a total value of $186,000 both before and after Miller's acquisition On January 1, 2016, Taylor reported a book value of $464,000 (Common Stock $232,000; Additional Paid-In Capital $69,600; Retained Earnings $162,400). Several of Taylor's buildings that had a remaining life of 20 years were undervalued by a total of 61,0 During the next three years, Taylor reports income and declares dividends as follows: Year Net Income Dividends 2016 54,400 70,200 78,000 7,800 11,700 15,600 2017 2018 Determine the appropriate answers for each of the following questions