Need Help with the Last Question

Instructions Miller Corporation acquired 30% of the outstanding common stock of Crowell Corporation for $170,000 on January 1, 2018, and obtained significant influence. The purchase price of the shares was equal to their book value. During 2018, the following information is available for Crowell: Mar. 31 Declared and paid a cash dividend of $50,000. June 30 Reported semiannual earnings of $110,000 for the first half of 2018. Sept. 30 Declared and paid a cash dividend of $50,000. Dec. 31 Reported semiannual earnings of $140,000 for the second half of 2018. Required: 1. Prepare journal entries for Miller to reflect the preceding information. 2. What is the balance in Miller's investment account on December 31, 2018? neral Journal Shaded cells have feedback. DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT Jan. 1 Investment in Stock 170,000.00 Cash 170,000.00 Mar. 31 Cash 15,000.00 Investment in Stock 15,000.00 Jun. 30 Investment in Stock 33,000.00 Investment Income 33,000.00 Sep. 30 Cash 15,000.00 Investment in Stock 15,000.00 Dec. 31 Investment in Stock 42,000.00 Investment Income 42,000.00 Analysis Shaded cells have feedback. What is the balance in Miller's investment account on December 31, 2018? $ Points: 071 Feedback