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missing the balance sheet calculation Current Attempt in Progress Crane Inc acquired 20% of the outstanding common stock of Theresa Kulikowsid Inc on December 31,

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Current Attempt in Progress Crane Inc acquired 20% of the outstanding common stock of Theresa Kulikowsid Inc on December 31, 2020. The purchase price was $170,000 for 46,800 shares Kulikowski Ind declared and paidan 50 90 per share cash dividend on June 30 and on December 31, 2021 Kulikowskireported net income of $802000 for 2024. The fair value of Kulikowski's stock was $28 per share at December 31, 2021 Your answer correct Prepare the journal entries for Crane Inc. for 2020 and 2021 assuming that Crane cannot exercise significant influence over Kulikowski (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required select "No Entry for the account titles and enter for the amounts) ate Account Titles and Explanation Debit Credit 2020 Equity Vent 1170000 Cash 1170009 1202 cas 42120 CROWN 42120 2024 Cash 42120 Didend Raw 2120 (To record dividend.) Value Adjustment 1.0400 Unrealed Holding Gano Loss income 140000 To record fair value.) Your answer is correct Prepare the journal entries for Crane Inc for 2020 and 2021 assuming that Crane can exercise significant influence over Kulikowski (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) ate Account Titles and Explanation Debit Credit 2020 Equity investments 1170000 co 1170000 201 Caso 42120 out investments 42120 2021 d 42120 Eculty love A2120 To record dividend.) Equity 160400 cm 160000 to record revenue.) e Textbook and Media List of Accounts Your answer is partially correct. At what amount is the investment in securities reported on the balance sheet under each of these methods at December 31 2021? What is the total net Income reported in 2021 under each of these methods Fair Value Method Equity Method Investment amount balance sheet) S 5310400 S Olvidend revenue income statement 84740 Unrealized holding rain income statement) 140400 Investment income income statement) Textbook and Media List of Accounts

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